Balancing third party risk and return | KPMG | AU

Balancing third party risk and return

Balancing third party risk and return

A company’s use of third parties does not diminish the responsibility of its board.

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Partner, Audit, Assurance & Risk Consulting

KPMG Australia

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This paper focuses on the types of risks incurred by third parties, the potential benefits and consequences, and actions boards can take to mitigate those risks.

Key questions for boards

  • What are the types of potential risks incurred by third parties?
  • What are the potential benefits and consequences for the organisation?
  • What questions should boards ask senior management?
  • What actions can boards take?

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