1ST PARTY VS 2ND

PARTY VS 3RD PARTY

AUDITS
AUDIT TYPE 1ST PARTY 2ND PARTY 3RD PARTY

An internal audit An audit where one An independent

conducted by an organization assesses external audit
organization to assess the processes of performed by a third-
DEFINITION its own processes, another, often party entity not
systems, and involving customers involved in the
adherence to auditing suppliers or audited organization's
established standards parent companies day-to-day operations

To make sure a To make sure another To provide

company gets better company follows independent opinion
PURPOSE at what it does and certain standards, of an organization's
follows its own rules. often because they compliance with
work together established standards

Internal processes, Checking how Checking everything

FOCUS AREA systems, and another company in a company, like its
adherence to internal does things, like its processes and
quality standards processes and following specific
following certain rules or standards
standards

A manufacturing A multinational A software

company conducting corporation auditing development firm
internal audits to its suppliers' facilities hiring an external
EXAMPLE improve production to verify that they agency to perform a
processes and ensure meet specific quality 3rd party audit for ISO
adherence to internal and operational 27001 certification
quality standards standards