It is increasingly important for companies to ask their third-party service provider of services, including payroll and other types of transaction processing, for attestation reports covering a review of the effectiveness of internal controls in place at the third-party service provider.

Question

Quizplus · Accepted Answer

With the rise of cyber threats and data breaches, it is crucial for companies to understand the level of security and control their third-party service providers have in place. Attestation reports can provide assurance on the effectiveness of internal controls and help mitigate risks.

It Is Increasingly Important for Companies to Ask Their Third-Party