Business Risk Services

Third party assurance

Sheila Duignan Sheila Duignan

Corporate Ireland has been transformed in recent years. Against the backdrop of increasing regulatory burden and in the face of dynamic and challenging markets, tough competition, resource pressures and increased IT complexity, organisations are facing the challenge to improve performance.

The use of third parties can introduce operational and financial improvements but can, if not managed properly, also magnify risk.

The current corporate environment has increased the emphasis on outsourced service providers working with their clients and their clients’ auditors, to show that the risks associated with the outsourced service are being appropriately managed.

Grant Thornton’s third party assurance services include:

  • outsourcing risk management services;
  • service auditor reports (SOC 1/ SOC 2/SOC 3);
  • third party supplier operational and security risk assessments; and
  • third party contract reviews and customised vendor management audits.