Due Diligence and Ongoing Monitoring

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  • 1.  Due Diligence on External Financial Auditor

    This message was posted by a user wishing to remain anonymous
    Posted 06-15-2021 05:50 PM
    This message was posted by a user wishing to remain anonymous

    We are in the process of submitting a board required RFP for our external financial auditor. What type of due diligence documentation do you request of these types of vendors? Or do you exclude these types of relationships from full due diligence and ongoing monitoring?


  • 2.  RE: Due Diligence on External Financial Auditor

    Posted 06-15-2021 05:56 PM
    We would typically ask for Financials, Certificate of Liability Insurance and a copy of their most recent Peer Review Letter from external financial auditors.


  • 3.  RE: Due Diligence on External Financial Auditor

    Posted 06-15-2021 07:49 PM

    We are now requesting a SOC 2 Type 2 Report due to the amount of PII held by both of our external and internal auditors.

     

    Dennis