A third-party audit is done by an audit organisation independent of the customer-supplier connection as well as is devoid of any type of conflict of interest. Independence of the audit organisation is a vital element of a third-party audit. Third-party audits may lead to qualification, enrollment, acknowledgment, an honor, certificate authorization, a citation, a fine, or a penalty released by the third-party organisation or an interested party.
An auditor may concentrate on types of audits based upon the audit function, such as to confirm conformity, uniformity, or efficiency. Some audits... [...]