Certified Valuation Analyst (CVA) Practice Exam

Which example most clearly represents fourth-party risk?

A bank hires a call-center vendor A call-center vendor uses a cloud hosting company to deliver the bank's service A business unit renews a contract An internal audit team reviews vendor files

Correct Answer:

A call-center vendor uses a cloud hosting company to deliver the bank's service

Explanation:

A fourth party is a subcontractor or other external dependency used by the third party to support delivery of the outsourced service.

Access more questions from this quiz

Continue to Certified Valuation Analyst (CVA) Practice Exam for more practice questions and the full quiz experience.

Access More Questions