They are not required by law to appoint an auditor to protect the shareholders, but many do. This is not only to protect the shareholders, but to protect the company as well.
to access every activities (financial statement) of the compnay whether it is corrrect
Lead auditor is a great way to develop a job as an auditor. This auditor training is a great way to become a auditor for energy that is being used by a company or individual.
Yes audited financial statements are jointly signed by auditors as well as management of company as an acknowledgment.
PwC
They are not required by law to appoint an auditor to protect the shareholders, but many do. This is not only to protect the shareholders, but to protect the company as well.
to access every activities (financial statement) of the compnay whether it is corrrect
Not specifically prescribed in company act 1956 but in company act 2011 it is recommended that internal auditor must be ca/cma or other professional suitable for internal audit in opinion of board.
Lead auditor is a great way to develop a job as an auditor. This auditor training is a great way to become a auditor for energy that is being used by a company or individual.
The members (shareholders) of a company appoint the auditor at an annual general meeting, or other general meetings of the company at which the financial statements are put forward for approval by the members. The appointment must be made by the end of the 28th day after the last date of which the accounts must be filed. If an auditor is not appointed within this time, the existing auditor is deemed to be reappointed, subject to certain condition. The exception to the above rule is where the directors appoint the auditor either to: - fill a casual vacancy, for example when the existing auditor resigns during the year; or - Appoint the first auditor between the date of incorporation and the first AGM or if the company qualifies to require an audit, before the next AGM. In both cases the member must then reappoint the auditors at the next AGM, by ordinary resolution (50%+ majority). Source: ICAEW
PricewaterhouseCoopers
Duties of internal auditor is to overview the internal control system in company to ensure sound internal control systems. Duty of external auditor is to examin the books of accounts and give verdict about true and fair nature of books of accounts.
The company's internal auditor is a watchdog, making sure rules are being followed. An external auditor is a bloodhound looking for rules that have been broken.
Yes audited financial statements are jointly signed by auditors as well as management of company as an acknowledgment.
Led Zeppelin, of course.
Kpmg llp
PricewaterhouseCoopers