Illustration – How Should We Monitor Extended Enterprise Risk
As businesses choose to own less and integrate more, they extend and add complexity to their network of relationships with supply chain and outsource partners.
As businesses choose to own less and integrate more, they extend and add complexity to their network of relationships with supply chain and outsource partners.
As this happens they also need to extend their internal control, compliance and monitoring processes. This includes controls over contracts, agreements, information, material, labor and capital.
Key questions to address include:
- How far should your controls reach?
- How can you effectively monitor them?
- How far can you afford to reach?
Featured in: Internal Audit , Assurance / Audit , Risk
