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Contract Auditing
Audit of Third Party
- occurs when a company has
decided that they want to create a
quality management system (QMS)
that conforms to a standard set of
requirements, such as ISO 9001, and
hire an independent company to
perform an audit to verify that the
company has succeeded in this
endeavor.
Quality Management System
- is a set of policies, processes and procedures
required for planning and
execution(production/development/service)
in the core business area of an organization.
(i.e. areas that can impact the organization’s
ability to meet customer requirements.)
External business relationships
1. Lump-sum contracts
2. Cost-plus contracts
3. Unit-price contracts
1. Lump-sum contracts