The role(s) we play in service provider engagements depend on our level of involvement. Some engagements are conducted completely by the service provider. In those cases, we discuss the rationale and objective of the engagement and assess whether that fits our policy and strategy. Frequency of monitoring and review depends on the type of engagement (more frequent and stringent in case of responsive engagements).
When we play an active role in engagements conducted by our service provider, all the above steps are executed.