IT Examiner School, Seaside, CA

Question:

• If you are examining a serviced financial institution, where all technology services are outsourced, does that mean management’s oversight is minimized?

Outsourcing Risks

• Risk exists whether services are performed internally or externally. Management is responsible for managing risk, since management can’t outsource the risk!

• Operational Risks • Reputational Risks • Strategic Risks • Legal Risks