An organization has outsourced its accounts payable function to an external service provider that does not have an effective business continuity pian (BCP) in place. Who owns the associated risk?
The organization that has outsourced its accounts payable function to the external service provider owns the associated risk. It is the responsibility of the organization to ensure that the external service provider has effective business continuity plans (BCP) in place to manage the risk associated with outsourcing the function.
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