Vendor Management
VM-08Report vendor activity quarterly and the program review annually
How Leela would run itQuarterly · quarterly to the CEO; annual review summary to the sponsor bank
From the policy libraryThe requirement
The CEO receives a quarterly report of new engagements, incidents, material findings, renewals, and open sponsor bank items; the sponsor bank receives vendor matters in the quarterly compliance report and a summary of the annual program review covering inventory accuracy, tiering, diligence and monitoring completion, issues, performance, and concentration risk.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Compile the quarter’s vendor activity from the inventory for the CEO, and run and summarize the annual program review for the bank.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Quarterly vendor reportDated report to the CEO
- 02Annual program review summarySent to the sponsor bank with date
Evidence
Quarterly vendor report
Vendor Management §10, §11
2
of 2 records
The work and the records come from this obligation in the policy library.