First Party Audit

From BCMpedia. A Wiki Glossary for Business Continuity Management (BCM) and Disaster Recovery (DR).
Revision as of 21:14, 22 October 2020 by Moh heng (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
1. First Party Audit is for organizations to audit themselves for internal purposes.
BL-A-5 click to know more

Notes (1): When auditing ISO22301, internal audits are referred to as first party audits.
Notes (2): Organizations use internal first party audits to audit themselves for internal purposes.
Notes (3): This audit need not be conducted in-house as it can be carried out by an external organization.
Notes (4): The use of first party audits to declare that the organization complies with the standard. This is called a self-declaration.

Related Terms: Audit, Second Party Audit, Third Party Audit

Similar Term: External Auditors, Internal Auditors

BCMBoK Competency Level
BCMBoK 7: Program Management CL 2A: Intermediate (Audit)
Click to know more about expert level training

(Source: Business Continuity Management Institute - BCM Institute)

A Manager’s Guide to Auditing & Reviewing Your Business Continuity Management Program