Companies have seen growth after entering third-party agreements, and even though there are benefits, risks can also come with the deal. The good news is these risks can be mitigated through monitored and managed with an effective program of internal and external controls. PKF Texas Contract Compliance Audit Manager, Carlos Gomez, recently published an article on the Houston Business Journal website discussing the complexities of third-party agreements.
In his article, Carlos showcases common engagements where companies utilize third-party agreements. He then follows by outlining different types of risks that can arise. Additionally, he supplements identifying the risks by providing insight into various ways companies can mitigate them and how these methods and approaches help in the long-term.
For the full article with more detail, visit https://www.bizjournals.com/houston/news/2020/11/13/the-benefits-and-risks-of-third-party-agreements-f.html.