Once the information gathering and analysis is completed, the next step is to make a final determination about doing business with the third party. Questions include:
- How many levels of approval are needed and what exception processes are necessary.
- Who will make the final decision, and the role of Compliance in that decision
- Plans and responsibilities for ensuring that conditions are met where approvals are granted with remediation conditions
Plans and responsibilities for ensuring that where approvals are granted with remediation conditions, those conditions are met.