The test of the risk model Created for different third-party types and categories within the type to apply separate evaluation criteria to diverse types of third parties. Four factors make up a risk model: country, type and category, DDQ questions, and third-party custom field questions. supplies a random sample of profiles meeting the type and category.

The Test Risk Model shows each Risk Tier with the associated due diligence scope, the number of third-party profiles in each tier, and the estimated budget. Note that the estimated budget is based on conducting the recommended scope of investigation on a single corporate entity in a specified country. No principals are included in the budget calculations.

For more details:

• Select Sample Random 3P Profiles Third-pary profile (3P profiles) which may have associated engagements and cases. to see the companies included in the sample, the risk tiers Map risk scores for a third party to a recommended scope of due diligence. For example, high may require enhanced due diligence and low may require only internal review. See Risk Score., and the ratings.

• Select View Model Detail to see what the model includes such as the categories, risk tiers and scope CPI Corruption Perceptions Index which ranks countries by perceived levels of public sector corruption. The CPI generally defines corruption as an abuse of entrusted power for private gain., and custom fields Custom fields can be created to use in risk models. along with weights assigned for each.