Definition Audit - First, Second and Third Party - Definitions

[gheghe]

Please enlighten me.And do we really need 3rd pary auditors?

 

[JRKH]

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]

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]

I Audit You for You?

James,

What Party Audit is:

I Audit You for You?

Doug

 

[JRKH]

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]

James,

Nice job!!

Kevin

 

[Randy]

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]

Guys,
Thanks a lot. mwahhzz!

 

[barb butrym]

I agree...nice job James.