Executive Summary: Third Party Onsite Assessment Best Practices: Practitioner Guide

This is the executive summary for the paper: Third Party Onsite Assessment Best Practices: Practitioner Guide. Onsite assessment is an escalation of due diligence processes conducted to gain greater in-depth validation—where warranted—at any point in the risk management process across the third party relationship lifecycle. This deep dive provides the foundation for planning and executing assessments in a consistent, documented, logical, and transparent manner to carry out an efficient onsite engagement. Supply chain risk and third-party risk management communities—regardless of industry—can use this guidance to improve assessment and auditing processes.