Exams or Audits

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  • 1.  Auditing Expired contracts

    Posted 03-25-2025 02:34 PM

    Relationships and governance of the third party relationships are audited for the existing and live contracts. Is there value in assessing the ongoing monitoring of relationships by a Relationship Manager for an expired contract (expired during the audit, but active during the period being audited)?



  • 2.  RE: Auditing Expired contracts

    Posted 04-03-2025 07:26 AM

    In my opinion, no. The only caveat is a recommendation to audit the exit plan and documentary evidence that supports a safe and secure exit (data, continuity, etc).