Think Tank 18 | First Party Audit

By: Auditor Training Online | Posted 12 May 2016

Thursday 12 May 2016

What is another name for a first party audit?

  1. A supplier audit
  2. An internal audit
  3. A procedural audit
  4. A compliance audit

ANSWER - An internal audit

Because there is only one party involved when conducting an internal audit they are also known as 1st party audits.