gheghe
3rd November 2003, 10:30 AM
Please enlighten me.And do we really need 3rd pary auditors?
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View Full Version : Audit - First, Second and Third Party - Definitions JRKH 3rd November 2003, 10:36 AM Simply Put, First party audits are audits you perform on yourself (internal audits) Second party audits are when a customer audits you. Third party audits are when an independent organization audits you. Or First party == I audit Me for Me Second Party == I audit You for Me Third Party == I audit you for Them James Marc 3rd November 2003, 10:44 AM You might want to read through: http://elsmar.com/Audit_Guide_Sample/Audit_Guide_Web.htm As to whether they're 'needed', that's a discussion which has been around for years for which there are only opinions. Douglas E. Purdy 4th November 2003, 09:00 AM James, What Party Audit is: I Audit You for You? Doug JRKH 4th November 2003, 10:52 AM James, What Party Audit is: I Audit You for You? Doug First party. The audit is done by the company to monitor itself and no external certification is given or expected. James Kevin Mader 4th November 2003, 01:35 PM James, Nice job!! Kevin Randy 5th November 2003, 12:06 AM James, What Party Audit is: I Audit You for You? Doug If you are not a member of the same organization then most likely you will be a 3rd party conducting a 1st party audit. However if you are asked to conduct an audit to be used other than as an internal audit, like a registration audit, then you are 3rd party conducting a 3rd party audit. "Who's on 1st?" "No, Who's on 2nd." Gets confusing fast doesn't it? gheghe 5th November 2003, 02:43 PM Guys, Thanks a lot. mwahhzz! barb butrym 13th November 2003, 05:13 PM I agree...nice job James. |
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