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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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Posted by FarmService 1412 days ago
Downloads
Posted by ISACA 1422 days ago
This document provides a preview of the information contained in COBIT 5.
Posted by ISACA 1825 days ago
This presentation by Robert Stroud, CGEIT, CRISC, ISACA Strategic Advisory Board, addresses the COBIT 5 framework, the critical aspects of COBIT 5, and what is available.
Posted by ISACA 1825 days ago
Posted by ISACA 1933 days ago
Posted by ISACA 1933 days ago

Events & Online Learning: 17 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: 371 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 1, 2018
by Ian Cooke, CISA, CGEIT, CRISC, COBIT Assessor and Implementer, CFE, CPTE, DipFM, ITIL Foundation, Six Sigma Green Belt
Innovative technologies such as VMs and the cloud help the efficiency and effectiveness of backup and recovery plans, but they do not replace the need to plan, document, or test and test again.
Volume 1, 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 1, 2018
by Andrew Clark
With advances in computing power, the abundance of data storage and recent advances in algorithm design, machine learning is increasingly being utilized by corporations to...

Wikis: 2 total

Blog Posts: 142 total

21 Feb 2018
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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...
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There are some math models for business that MBAs are taught. Just like assembling burgers for fast food or call wait queue management in a call center, vulnerability patching is a time based business opportunity. Leadership can be expected to use this ...
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I predict that on 1 July 2018, I will be calmly eating a barbecue sandwich, talking with friends and possibly, I will burn a copy of the RFC2246: TLS version 1.0 standard for entertainment value.  Those will less effective Vendor, Network, Systems, Applic...
Posted By : Don Turnblade | 0 comments
https://www.linkedin.com/learning/it-security-careers-and-certifications-first-steps?trk=voyager_feed_cymbii_learning
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