Auditing IT Vendor Management

• Introduction to the key areas of Vendor Management 

• Understanding how Vendor Management audits have evolved 

• Recommended audit scope for the key areas of Vendor Management

• Understanding of regulatory requirements as it relates to Vendor Management 

• Understanding key areas of Vendor Management: 

          o Procurement process 

          o Due diligence review process prior to vendor selection 

          o Vendor Contract provisions 

          o Vendor Onboarding process 

          o Vendor Performance Review 

          o Vendor Oversight 

          o Vendor Risk Assessment 

• Conducting IT Outsourcing audits 

• Understanding the key contract review components 

• Assessing implementation requirements for onboarding vendors 

• Assessing the adequacy of oversight process over vendors 

• Assessing the adequacy of the Service Level Agreements requirements and monitoring Service Level performance 

• Assessing Vendor Management reporting approaches 

• Audit Report approaches for Vendor Management Audits