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Multinational Third-Party Relationships: Balancing Costs, Risks, and Benefits

Deloitte Dbriefs | Governance, Risk & Compliance

Start date and time

August 28, 2014 2:00 PM

End date and time

August 28, 2014 3:00 PM

Time zone:

(GMT-05:00) Eastern Time (US & Canada)

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Host: Donna Epps, Partner - Deloitte Financial Advisory Services LLP
1 Intermediate CPE Credit: Specialized Knowledge & Applications 

Many multinational corporations rely on foreign suppliers and other third-party organizations to conduct business. But what compliance risks do these relationships pose, and how can factors such as volume, efficiency, transparency, measurement, cost, and consistency be managed more effectively? We'll discuss:

  • Strategies for gathering and managing data from and about third parties, including technology platforms.
  • Leveraging data analytics to help assess potential risks and enhance compliance efforts.
  • Prioritizing remediation efforts and mitigating identified risks.
  • Streamlining the third-party risk assessment process at an enterprise-wide level while using a consistent approach to measuring risk.

Learn ways to balance the costs and benefits of enhancing compliance programs related to third-party relationships.

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