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Third-Party Audit

What is Third-Party Audit?

An independent audit conducted by an external organization to verify compliance with standards, regulations, or contractual requirements.

Audit and Assurance

Each of these is named in at least one of the same controls as third-party audit. The number is how many controls name both.

What the standards actually require on third-party audit

Requirements naming third-party audit across 6 standards, quoted from the control text.

IEEE 70001 control

Clause 9 establishes transparency and communication. Per public IEEE 7000-2021 abstract + Wikipedia + academic literature (full IEEE text NOT reproduced): transparency throughout VBE process + transparency artifacts including: system documentation (purpose + s...

IEEE7000-Transparency-Communication-Documentation-ExternalReview-Audit · IEEE 7000 Clause 9 - Transparency + Communication + Process Documentation + External Review + Third-Party Audit + AI Documentation + Algorithmic Transparency + User Notification

Per RMAP: audit. Requirements include (a) third-party audit per RMAP standards + (b) corrective actions + (c) RMI conformant smelter/refiner status + (d) maintain audit findings.

RMIRMA-4 · Third-Party Audit and Conformance

Program 2 and 3 sources must conduct compliance audits at least every 3 years to evaluate whether procedures are adequate and being followed. At least one auditor must be knowledgeable in the process.

epa-rmp-40-cfr-68::68.79 · Compliance audits every 3 years with documented resolution

Address Mandatory Criterion 5 of Modern Slavery Statement under Section 16(1)(e) - describe how reporting entity assesses effectiveness of actions to assess and address modern slavery risks.

AU-MSA-Mandatory-Criterion-5-Effectiveness-Section-16-1e-Assurance-KPIs-Continuous-Improvement · Australia MSA Mandatory Criterion 5 + Effectiveness + Section 16(1)(e) + Independent Assurance + KPIs + Continuous Improvement

Questions people ask about third-party audit

What is Third-Party Audit?
An independent audit conducted by an external organization to verify compliance with standards, regulations, or contractual requirements.
Why is Third-Party Audit important for compliance?
Third-Party Audit is a key concept in Audit and Assurance. Understanding third-party audit helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 686 frameworks with 311K cross-framework control mappings.
Which compliance frameworks address Third-Party Audit?
Third-Party Audit appears in the requirement text of IEEE 7000, Responsible Minerals Initiative (RMI) - Responsible Minerals Assurance Process, EPA Risk Management Program (40 CFR Part 68), Kentucky Consumer Data Protection Act, Kids Online Safety Act (KOSA). Across these standards we have identified 6 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Third-Party Audit?
Explore our compliance framework pages to see how third-party audit applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 686 frameworks.

See how Third-Party Audit applies across compliance frameworks

Our platform maps 686 frameworks with 311K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.