Third Party Internal Audit

An internal audit is an activity used to assess an organization’s performance or the execution of a process against a number of standards, policies, metrics or regulations. These audits include examining a business’s internal controls.

PQSmitra offers third party audit services for various national and international standards. Such audits are termed as “Third Party Audits” as the auditor is not the part of the organization and performs independent audit with a positive approach towards improvements.

In addition to system audits in accordance with National and International standards, PQSmitra also performs Exclusive audits as per the specific requirements stated by the organization or its customers. Audits are also performed as per the customer audit checklists.

Third party audits are performed by qualified auditors with an approach of “value addition” rather than “a fault finding mission”. This approach by PQSmitra offers clear, unbiased report which may sometimes not possible if the audits are performed by the own team members of the organization. This help organizations to access the existing situation and plan for improvement in a particular area.

Methodology of Third Party Internal Audit by PQSmitra

The audit service by PQSmitra is very practical and effective. The sequence of activities are as under:

• Appointment of PQSmitra as an auditor
• Standard and specific audit requirements if any
• PQSmitra auditor conducts an audit onsite
• Preparation of unbiased and practical audit report
• Assistance in corrective actions on audit observations

Benefits of Third Party Internal Audit by PQSmitra

• Cost Saving/ Effectiveness.
• Unbiased and Clear Reporting.
• Reports accepted by certification authorities of various International standards
• Value addition through expertise for more than 20 years
• Confidentiality & Transparency in the audits.