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guidelines on control objectives and procedures for outsourced service providers

Posted on Jun 15, 2017 | 0 comments. On 1 June 2017, the Association of Banks in Singapore (ABS) issued an update to their “Guidelines on Control Objectives and Procedures for Outsourced Service Providers". The update replaces the first version of these guidelines previously issued on 25 July 2015. Overall, the
1 Jun 2017 The OSP should establish standards for workplace conduct, implement candidate background screening procedures, and conduct enforcement procedures to enable it to meet its commitments and requirements as they relate to the ABS controls objectives and MAS Guidelines on Outsourcing.
2 Aug 2017 The Association of Banks in Singapore (ABS) had on 1 June 2017 released a revised version of the Guidelines on Control Objectives and Procedures for Outsourced Service Providers (the Guidelines). Singapore Employment and HR Shook Lin & Bok 2 Aug 2017.
1. MAS first issued the Guidelines on Outsourcing (?the Guidelines?) in 20041 to promote sound risk management practices for outsourcing arrangements of financial institutions (?institutions?). As outsourcing arrangements have become more prevalent and complex over the years, MAS proposes revisions to the
27 Jul 2016 The Monetary Authority of Singapore (“MAS") released the much anticipated Guidelines on. Outsourcing on 27 July 2016 with an immediate effective date. These represent updated requirements on the previously issued MAS Guidelines on Outsourcing and introduce guidance on cloud services. The MAS
ABS GUIDELINES FOR OUTSOURCED SERVICE PROVIDERS. The ABS Guidelines on Control Objectives & Procedures for Outsourced Service Providers Version 1.1 (Updated Jun 1, 2017) · Outsourced Service Provider's Audit Report (OSPAR) Template version 1.1 · FAQ on the ABS Guidelines on Control Objectives
11 Aug 2015 On 5 September 2014, the Monetary Authority of Singapore (“MAS") issued two consultation papers relating to the outsourcing arrangement of Financial Institutions (“FIs"). The two consultation papers related to a new Notice on Outsourcing (the “MAS Notice") and a new Guidelines on Outsourcing (the
Notes from 'The Association of Banks in Singapore' (ABS). This ABS Outsourced Service Provide Audit Report (OSPAR) Template version 1.1 is documented with reference to the ABS Guidelines on Control Objectives & Procedures for Outsourced Service Providers version 1.1. The auditors engaged by the Outsourced
21 Jul 2017 On 1 June 2017, the Association of Banks in Singapore ("ABS") released a revised version of the Guidelines on Control Objectives & Procedures for Outsourced Service Providers ("Guidelines"). First published on 26 June 2015, these non-binding Guidelines provide a set of recommended minimum
ABS GUIDELINES. ON. CONTROL OBJECTIVES & PROCEDURES. FOR OUTSOURCED SERVICE PROVIDERS. FREQUENTLY ASKED QUESTIONS. 15 June 2017. Contents. 1. Objective and Benefits of the ABS Guidelines. Page 2. 2. Scope and Coverage of the ABS Guidelines. 3. 3. Implementation Guidelines. 4. 4.

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March 2018