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Lack of oversight of vendors and service providers can cause a company not only additional legal risk due to their non-compliance, but can also cause

Lack of oversight of vendors and service providers can cause a company not only additional legal risk due to their non-compliance, but can also cause reputational risk.What are some of the more notable cases of a company suffering from lack of proper oversight of a vendor/service provider?Would an effective audit procedure have prevented the situation? Why or why not?

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