External Audit
What is External Audit?
An independent examination of an organisation's controls, processes, or financial statements conducted by a party outside the organisation. External audits provide objective assurance to stakeholders and regulators.
Terms that appear alongside external audit
Each of these is named in at least one of the same controls as external audit. The number is how many controls name both.
- audit 11 shared controls
- internal audit 7 shared controls
- compliance 7 shared controls
- policy 4 shared controls
- governance 4 shared controls
- certification 3 shared controls
- integrity 3 shared controls
- risk management framework 3 shared controls
Frameworks that govern external audit
What the standards actually require on external audit
Requirements naming external audit across 6 standards, quoted from the control text.
The RSE licensee must implement satisfactory internal audit procedures and external audit arrangements to ensure compliance with the risk management framework and to allow it to attest that its risk management and internal control systems are operating effecti...
SPS220-48 · Internal and External Audit Arrangements →GLOBALG.A.P. IFA v6 scheme structure + GFSI recognition + version lineage. PUBLISHER: FoodPLUS GmbH (Cologne, Germany) - wholly-owned subsidiary of GLOBALG.A.P. ASSOCIATION.
GGAP-IFA-v6-Scheme-GFSI-Versions · GLOBALG.A.P. IFA v6 Scheme Structure, GFSI Recognition and Version Lineage →The organization must record disclosures of personal data to third parties, including what data was disclosed, to whom and when, recording disclosures made in normal operations and additional disclosures such as those arising from lawful investigations or exte...
iso-27701-2019::8.5.3 · Records of PII disclosure to third parties →Continuous Monitoring + Lifecycle Management is essential to ongoing trustworthy AI per Japan AI Guidelines for Business + integrates Safety + Accountability + Transparency Principles + addresses post-deployment risks.
JP-AIG-Continuous-Monitoring-Lifecycle-Model-Evaluation-Performance-Drift-Post-Deployment · Japan AI Guidelines Continuous Monitoring + AI System Lifecycle Management + Model Evaluation + Performance Drift + Concept Drift + Post-Deployment + Retraining Triggers + Safe Update + Decommissioning + Model Card Versioning →The institution must ensure that compliance with and the effectiveness of the risk management framework is reviewed by internal or external audit at least annually, with results reported to the Board Audit Committee, the senior officer outside Australia or the...
CPS220-11 · Annual Audit Review of the Framework →Governance + training + independent testing: VASPs must establish appropriate governance arrangements for Travel Rule compliance including: (a) BOARD + SENIOR MANAGEMENT OVERSIGHT - the Travel Rule programme must be approved by the board + reviewed periodicall...
R.16-VATR.Governance · Governance, training and independent testing →Questions people ask about external audit
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See how External Audit applies across compliance frameworks
Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.