What is Vendor Assurance?

Vendor Assurance Definition

Vendor assurance includes evidence reviews, audits, attestations, certifications, and monitoring. It confirms that vendor controls remain effective and aligned with expectations. In TPRM, assurance is essential for risk acceptance.

FAQs

Why perform vendor assurance?

To ensure ongoing control effectiveness.

Does assurance include audits?

Yes, audits are a key component.

Is assurance required annually?

Often yes, for high-risk vendors.