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The external audit is a formal, impartial assessment of your company's processes and frameworks conducted by a third-party organization, or an assigned team from outside the company.

The body must be approved and diagnosed in order to do certain audits. Here, providing reassurance to the organization's stakeholders or highlighting noteworthy occurrences about your company performance is the primary goal. Your employer exhibits effective performance, no hazards in any areas or processes, and conformity with standards, if any, when it passes an external audit.

Therefore, showcasing your company's overall performance or compliance record to the public is the primary goal of performing an external audit.

The essential tasks for both internal and external audits are almost the same. However, in an exterior audit, there is a require for early planning as the workers of your employer want to be organized and need to be capable to coordinate with the external auditors.