Webinar: Things to consider before analyising third party risks

A Due Diligence process requires data to be able to properly analyse the risk of a particular partner. A common method of starting a process involves asking questions via a form of questionnaire.  Often this stage involves taking an existing physical document and transforming it into a questionnaire fit for an online process.

Considerations at this point include:

  • Who should be asked (internal or external responses)
  • What questions should be asked
  • How can questions be asked to reduce ambiguity and gain the maximum information
  • How to design the questionnaires to minimize the time taken to respond.

 

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