Business relationships are governed by contracts that lay out rights and responsibilities for all parties. Auditing third parties ensures that representations and warranties have been met, goods and services are delivered on time and in the proper manner, and funds are being used appropriately. However, third parties are often reluctant to open their books or their doors to outsiders, making this a challenging task. In a recent Strafford webinar, John Davis, a member at Miller & Chevalier, and Chris Miller, lead counsel for compliance and regional compliance officer for North America at General Motors shared how companies can take a risk-based approach to auditing their foreign third parties. See “Auditing Third Parties: A Ten-Step Checklist” (Nov. 29, 2017).