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Third-Party Assurance

What is Third-Party Assurance?

Independent verification by an external party that an organisation's controls, processes, or systems meet specified criteria. SOC reports, ISO certifications, and penetration test reports are common forms of third-party assurance.

Audit

Each of these is named in at least one of the same controls as third-party assurance. The number is how many controls name both.

What the standards actually require on third-party assurance

Requirements naming third-party assurance across 6 standards, quoted from the control text.

HKMA C-RAF crosswalk to international + sectoral cybersecurity frameworks. (a) NIST CYBERSECURITY FRAMEWORK (CSF) 2.0 - the 6 CSF functions (Govern + Identify + Protect + Detect + Respond + Recover) map directly to C-RAF 7 domains;

HKMA-CRAF-Crosswalk-NIST-CSF-ISO27001-FFIEC-CBEST-TIBER · HKMA C-RAF Crosswalk to NIST CSF, ISO 27001, FFIEC CAT, CBEST, TIBER-EU and Sectoral Frameworks

International Council on Mining and Metals (ICMM) Mining Principles - voluntary sustainability framework for the global mining and metals industry. ICMM established 2001, headquartered London.

ICMM-MP-Scope-10Principles-PerformanceExpectations-2024Update-Members · ICMM Mining Principles - Scope + 10 Principles + 8 Position Statements + Performance Expectations (PEs) + 2024 Update + Members

Implement IT Audit + Third-Party Risk Management per MAS TRM Chapters 14 + 15 + MAS Notice 658 on Outsourcing. Chapter 14 IT Audit - IT audit charter approved by Board Audit Committee + IT audit plan risk-based + IT audit methodology + IT auditor competency (C...

MAS-TRM-Third-Party-IT-Audit-Chapters-14-15-Outsourcing-Notice-658-Concentration-Risk-Exit-Strategy · MAS TRM Third Party + IT Audit + Chapters 14-15 + Outsourcing + Notice 658 + Concentration Risk + Exit Strategy

Questions people ask about third-party assurance

What is Third-Party Assurance?
Independent verification by an external party that an organisation's controls, processes, or systems meet specified criteria. SOC reports, ISO certifications, and penetration test reports are common forms of third-party assurance.
Why is Third-Party Assurance important for compliance?
Third-Party Assurance is a key concept in Audit. Understanding third-party assurance helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Third-Party Assurance?
Third-Party Assurance appears in the requirement text of HKMA Cyber Resilience Assessment Framework (C-RAF), ICMM Mining Principles (2024 Update), Italy Personal Data Protection Code (Legislative Decree No. 196/2003, amended 2018), Japan AI Guidelines, Kentucky Consumer Data Protection Act. Across these standards we have identified 6 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Third-Party Assurance?
Explore our compliance framework pages to see how third-party assurance applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Third-Party Assurance applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.