Third Party Assurance

Outsourcing is a growing trend, and companies increasingly depend on third-party providers to deliver critical services. Many financial service organisations outsource material and non-material business activities to providers for various reasons. Whilst outsourcing provides many benefits to the organisation, there are also drawbacks, such as an increase market conduct, reputational and financial risk; which is why an outsourcing arrangement should be appropriately monitored, managed, and reviewed on an ongoing basis.