Auditing Third-party And Outsourced Services Training Course

Introduction

Mitigate risks and ensure compliance with our comprehensive Auditing of Third-Party and Outsourced Services Training Course. This program is meticulously designed to address auditing the risks related to third-party relationships and outsourcing, ensuring your organization can effectively manage and monitor external service providers. In an era of increasing reliance on outsourced services, mastering third-party auditing is crucial for organizations seeking to maintain control, security, and regulatory compliance. Our outsourced services audit training course provides in-depth knowledge and practical applications, empowering you to develop robust audit strategies for third-party risk management.

This Auditing of Third-Party and Outsourced Services training delves into the core components of modern third-party audits, covering topics such as contract compliance, security assessments, and performance monitoring. You’ll gain expertise in using industry-leading tools and techniques to Auditing of Third-Party and Outsourced Services, meeting the demands of contemporary vendor management. Whether you're an auditor, risk manager, or compliance officer, this Auditing of Third-Party and Outsourced Services course will empower you to drive strategic audit initiatives and optimize third-party relationship management.

Target Audience:

• Auditors
• Risk Managers
• Compliance Officers
• Vendor Managers
• Procurement Professionals
• Legal Professionals
• IT Security Professionals

Course Objectives:

• Understand the fundamentals of Auditing of Third-Party and Outsourced Services.
• Master audit considerations for third-party relationships and outsourcing.
• Utilize contract compliance and performance monitoring methodologies.
• Implement security and data privacy assessments for outsourced services.
• Design and build audit frameworks for third-party risk management.
• Optimize audit processes for vendor due diligence and on-going monitoring.
• Troubleshoot and address common challenges in third-party auditing.
• Implement service level agreement (SLA) audits and performance reviews.
• Integrate third-party audit findings with existing compliance systems.
• Understand the regulatory requirements for third-party audits.
• Explore emerging trends in third-party auditing and vendor management.
• Apply real world use cases for third-party auditing in various industries.
• Leverage third-party auditing tools and platforms for efficient implementation.

Duration

10 Days

Course content

Module 1: Introduction to Third-Party Auditing

• Fundamentals of Auditing of Third-Party and Outsourced Services.
• Overview of unique audit considerations for third-party relationships.
• Setting up a third-party auditing framework.
• Introduction to contract compliance and performance monitoring.
• Best practices for third-party auditing initiation.

Module 2: Contract Compliance and Performance Monitoring

• Mastering contract compliance and performance monitoring methodologies.
• Utilizing contract review and validation techniques.
• Implementing performance metrics and reporting audits.
• Designing and building contract compliance audit checklists.
• Best practices for contract compliance audits.

Module 3: Security and Data Privacy Assessments

• Implementing security and data privacy assessments for outsourced services.
• Utilizing security risk assessments and penetration testing.
• Implementing data privacy compliance audits.
• Designing and building security assessment frameworks.
• Best practices for security and privacy audits.

Module 4: Third-Party Risk Management Frameworks

• Designing and build audit frameworks for third-party risk management.
• Utilizing risk assessment and due diligence processes.
• Implementing vendor risk scoring and mitigation strategies.
• Designing and building risk management plans.
• Best practices for third-party risk management.

Module 5: Vendor Due Diligence and Ongoing Monitoring

• Optimizing audit processes for vendor due diligence and ongoing monitoring.
• Utilizing vendor questionnaires and site visits.
• Implementing continuous monitoring and reporting.
• Designing and building vendor monitoring dashboards.
• Best practices for vendor due diligence.

Module 6: Troubleshooting Third-Party Auditing Challenges

• Troubleshooting and addressing common challenges in third-party auditing.
• Analyzing contract discrepancies and performance issues.
• Utilizing problem-solving techniques for resolution.
• Resolving common communication and collaboration issues.
• Best practices for issue resolution in third-party audits.

Module 7: Service Level Agreement (SLA) Audits

• Implementing service level agreement (SLA) audits and performance reviews.
• Utilizing SLA compliance and performance metrics.
• Implementing SLA review and validation techniques.
• Designing and building SLA audit reports.
• Best practices for SLA audits.

Module 8: Integration with Compliance Systems

• Integrating third-party audit findings with existing compliance systems.
• Utilizing API integrations and vendor management tools.
• Implementing audit findings in compliance reporting.
• Designing and building integrated compliance platforms.
• Best practices for system integration in third-party audits.

Module 9: Regulatory Requirements for Third-Party Audits

• Understanding the regulatory requirements for third-party audits.
• Utilizing industry-specific guidelines and standards.
• Implementing compliance monitoring and reporting.
• Designing and building compliant audit systems for third-party management.
• Best practices for regulatory adherence in third-party audits.

Module 10: Emerging Trends in Third-Party Auditing

• Exploring emerging trends in third-party auditing and vendor management.
• Utilizing AI and machine learning for vendor risk assessment.
• Implementing blockchain for vendor data traceability.
• Designing and building future-proof audit systems for third-party management.
• Optimizing advanced audit applications.
• Best practices for innovation in third-party audits.

Module 11: Real-World Use Cases

• Applying real world use cases for third-party auditing in various industries.
• Utilizing third-party audits for financial institutions.
• Implementing vendor audits for healthcare systems.
• Utilizing contract compliance audits for manufacturing companies.
• Implementing security audits for cloud service providers.
• Best practices for real-world application in third-party audits.

Module 12: Third-Party Auditing Tools and Platforms

• Leveraging third-party auditing tools and platforms for efficient implementation.
• Utilizing vendor risk management software.
• Implementing contract management tools.
• Designing and building automated audit workflows.
• Best practices for tool implementation in third-party audits.

Module 13: Monitoring and Metrics

• Implementing third-party auditing project monitoring and metrics.
• Utilizing audit performance indicators and KPIs.
• Designing and building monitoring dashboards.
• Optimizing monitoring for real-time insights.
• Best practices for monitoring in third-party audits.

Module 14: Future of Third-Party Auditing

• Emerging trends in third-party auditing technologies and frameworks.
• Utilizing decentralized audit models for vendor compliance.
• Implementing AI-driven threat analysis and risk prediction.
• Best practices for future third-party auditing management.

Module 15: Security Automation in Third-Party Auditing

• Automating security tasks within third-party auditing processes.
• Implementing policy-as-code for compliance checks in vendor contracts.
• Utilizing automated vulnerability scanning for vendor systems.
• Best practices for security automation within third-party audits.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.