∞Internal
Audit
•An audit of internal systems and/or procedures. An
internal audit is most often performed by
people how directly work for the company. Many companies hire outside firms (see third party below) to perform the
audits.
∞External Audit
•Customer Audits
F Customer audits are those where a customer (or a
customer representative) performs the
audit. A customer audit is not objective because the customer is intimately involved with your company (the supplier to
the customer). This involvement can BIAS the
audit.
∞Third Party Audits
•
Third party audits are like those you think of when you think of bank audits. Banks (and other financial
institutions) must hire a
company or person to audit their books and procedures. The company or person hired to do the audit
cannot have an interest
in the business it is auditing. This is known as an Independent Audit. This is the type of audit the
registration audit is!