From BCMpedia. A Wiki Glossary for Business Continuity Management (BCM) and Disaster Recovery (DR).
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1. First Party Audit is for organizations to audit themselves for internal purposes.
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
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