Due Diligence and Ongoing Monitoring

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  • 1.  Due Diligence on Regulators

    This message was posted by a user wishing to remain anonymous
    Posted 09-28-2020 03:46 PM
    This message was posted by a user wishing to remain anonymous

    I'm curious if you consider your regulator a vendor. If so, what does the due diligence process look like for you?


  • 2.  RE: Due Diligence on Regulators

    This message was posted by a user wishing to remain anonymous
    Posted 09-28-2020 03:52 PM
    This message was posted by a user wishing to remain anonymous

    We list them in our vendor database, primarily because that's the easiest way to keep all their info and docs together, but we mark them "exempt" from oversight.
    Original Message


  • 3.  RE: Due Diligence on Regulators

    Posted 09-28-2020 03:57 PM
    We specifically exclude Federal, state or local governments or entities engaged by the government for the collection of taxes and fees from being considered a vendor. We do the same with the USPS and public utilities.
    Original Message