|1. External Auditors refers to the audit professionals who perform independent annual audits of an organization's financial statements or management systems.
2. External audit is the the examination by an independent third party of the financial statements of a company or other organization, resulting in the publication of an independent opinion on whether or not, in all material respects, the financial report is presented fairly in accordance with accounting Standards and, when appropriate, relevant statutory and other requirements.
(Source: AS/NZS 5050.3 Australian and New Zealand Standards for business continuity management.
Part 3: Business continuity management audit and assurance standard)