Reviewing and Approving Third Party Risk Assessments

Last updated: November 24, 2025

Reviewing and approving third party risk assessments in Mycroft ensures third-party vendors meet your company’s compliance and security standards.

Managing this process within Mycroft enables faster, more informed decisions, reduces risk exposure, and supports ongoing third party oversight.


Reviewing the Third Party Risk Assessment

First locate and select a third party for risk assessment approval:

  1. Click on the Third Party Risk option in the navigation menu

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  1. Select the entry you wish to review.

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Reviewing the Third Party Risk Assessment

  1. Under the Assessment tab, Carefully review all relevant details, metrics, and documentation before proceeding with approval

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Approving the Risk Assessment

Once you've reviewed the risk assessment and determined it meets your organization's requirements:

  1. Click the Publish Assessment button to initiate the approval process

  2. In the confirmation dialog that appears, click Confirm & approve to finalize the assessment approval

Note: This action indicates that you have completed your review and are formally approving the third party risk assessment. The approval will be recorded in the system with your user information and timestamp.