Audits can be classified as first-party, second-party, and third-party audits based on the auditor-auditee relationship. Another way to classify audits will be internal and external audits.First-Party AuditsA first-party audit is performed by a person or group that is either a member of the organization or hired by the organization being audited. This can be either
An audit is a systematic examination of a system, process or product. It provides assurance that the specified requirements are being met. Audits provide assurance that the organization’s systems are working as intended and that they meet the required standards. Based on the method, audits can be classified into three categories:Product AuditProcess AuditSystem AuditA product audit
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