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ME2.6 - Internal Control at Third Parties

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

COBIT Control Objective ME2.6 - Internal Control at Third Parties is contained within Process Popup Monitor and Evaluate Internal Control.

Learn more about COBIT and related publications.

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Internal Control at Third Parties

Assess the status of external service providers’ internal controls. Confirm that external service providers comply with legal and regulatory requirements and contractual obligations.

View value and Risk Drivers  help

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Value Drivers

  • Identification of service improvement opportunities for third parties
  • Confirmation of an effective internal control framework over third-party service providers
  • Assurance provided over the service provider’s performance and compliance with internal controls
  Risk Drivers
  • Insufficient assurance over the service provider’s control framework and control performance
  • Failures of mission-critical systems during operation
  • IT services failing to meet the service specifications
  • Failures and degradations of service from the provider not identified in a timely manner
  • Reputational damage caused by provider service performance degradation

View Control Practices  help

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  1. Ensure that appropriate internal control requirements are addressed in third-party contract agreements. Where appropriate, ensure that the contract has provisions for audit or review, e.g., certification/accreditation review, an appropriate audit engagement (e.g., SAS 70 Type II engagement), or by direct audit of the service provider by IT management.
  2. Ensure that third-party service providers comply with applicable laws, regulations and contractual commitments. Communicate to business process owners, IT management and third-party service providers any failure to comply with such commitments.
  3. Confirm receipt of any required legal or regulatory internal control assertions from affected third-party service providers. Investigate exceptions. Obtain assertions from the service provider that appropriate remedial actions will be completed according to an agreed-upon remediation plan.

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Cobit Related
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Events & Online Learning: 16 total

16 Mar 2015
ISACA International Event
Orlando, FL, USA
15 Jun 2015
ISACA International Event
Ciudad de México, Mexico
14 Mar 2016
ISACA International Event
Miami, FL, USA
1 Aug 2016
ISACA International Event
Chicago, IL, USA

Journal Articles: 390 total

Volume 6, 2015
by Ed Gelbstein, Ph.D.
An auditor will sooner or later be faced with two kinds of conflicts: conflict of interest and interpersonal conflict.
Volume 5, 2107
by Marianne Bradford, Ph.D., and Dave Henderson, Ph.D.
Although generalized audit software (GAS) has been shown to significantly improve the efficiency and effectiveness of audits, many auditors do not use this technology.
Volume 3, 2107
by Jayakumar Sundaram, CISA, ISO 27001 LA
The SoA is a continuously updated and controlled document that provides an overview of information security implementation.
Volume 3, 2018
by Lucio Augusto Molina Focazzio, CISA, CRISC, CISM, COBIT Assessor and Trainer, ITIL
Building Tomorrow’s Leaders, Today
Volume 3, 2018
by ISACA Member and Certification Holder Compliance
An up-to-date listing of the current IT Audit and Assurance Standards, Guidelines, and Tools and Techniques
Volume 3, 2018
by Ed Moyle
When people hear the term “cyberwarfare,” there are a few things that come to mind. The things people visualize tend to be the high-impact, “scare the pants off you” scenarios such as...

Wikis: 2 total

Blog Posts: 143 total

https://www.theguardian.com/technology/2018/may/17/cyberlaundering-funds-terror-internet-fake-transactions-cashless-society?CMP=Share_iOSApp_Other
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14 May 2018
Recently, I witnessed an interesting webcast by Scopism, an UK-based consulting and training company. They announced the publication of the SIAM(c) Foundation Body of Knowledge, available for free through their website www.scopism.com. Service Integration...
Posted By : Peter873 | 1 comments
La Tecnología de la Información (TI), en todas sus áreas (base de datos, seguridad de la información, desarrollo de software, redes, etc.), debe tener como objetivo primario el apoyo a los Procesos del Negocio (PN) de la organización. Sin embargo, es comú...
Posted By : emorro | 0 comments
Have you experienced ransomware attack so far and, if yes, what did you do to resolve? I set up Twitter poll here: https://twitter.com/DPleskonjic/status/953608717399941120 It lasts for seven days. Thank you for taking part in the poll.
Posted By : Dragan Pleskonjic | 5 comments
21 Feb 2018
We are happy to announce that  on Feb//2018  the ISACA awareness session  was held in Baghdad.This the first time to speak about ISACA Value in Iraq.Professional from government and private sector were excited to hear about ISACA value and they started to...
Posted By : Ali099 | 1 comments
There is no doubt with our current business environment, we will be experiencing more cyber breaches in the next few months.  The latest threat is an architectural design flaw in newer CPU's.  These design vulnerabilities could allow attackers to intercep...
Posted By : Fred586 | 1 comments