Third-Party Business Relationships: Emerging Issues and Regulatory Risks - Dbriefs Poll Responses
Event Date: 12/14/11
How many third-party organizations would you estimate your organization currently works with?
Votes Received: 1270
|Less than 99||25.5%|
|100 to 999||23.1%|
|1,000 to 9999||18%|
|10,000 to 24,999||6.7%|
|25,000 or more||5.6%|
On what percentage of your organization’s third-party business partners do you estimate it performs due diligence and risk assessments?
Votes Received: 1,339
|Up to 25%||23.4%|
Which is your organization’s biggest challenge to implementing a companywide third-party risk assessment and due diligence program?
Votes Received: 1,335
|Fear of alienating the sales channel||5.9%|
|Cost of implementation||30.8%|
|No pressure to conduct extended due diligence||13.6%|
|My company already has a companywide third-party risk assessment and due diligence program||16.2%|
Compared to last year, has your concern changed regarding prison sentences for individuals who violate the FCPA and/or UK Bribery Act?
Votes Received: 1,223
|Concern is higher than before||15.8%|
|Concern is lower than before||2%|
About the online poll: More than 1,220 professionals from the financial services; consumer and industrial products; technology, media and telecom; banking and securities and other industries responded to the polling questions during the webcast, which was titled “Third-Party Business Relationships: Emerging Issues and Regulatory Risks.”
Results are aggregated without inclusion of Deloitte viewer responses.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.