Because the auditor's report is an opinion. Just because that one auditor thought what they did. It does not mean that all other agree. The auditor's report is a formal opinion, or disclaimer, not a fact.
doing internal audit and help management
An internal auditor is one who is on staff at a company or business. The auditor checks to make sure all monies are accounted for, that the company's books balance and that there are internal controls on spending. An external auditor is one that is not a company employee and usually is an accountant from an outside accounting firm that does almost the same job as internal auditors. The main difference is that as an outside company, it can be more objective on its findings.
why is it necessary for the auditor to assess the internal contol processess
dual date If a major event comes to the auditor's attention between the report date and issuance of the report, the financial statements may include the event as an adjustment or disclosure. The auditor dual dates the audit report (as of the end of workpaper review, except footnote XX, which is dated later).Credit to dictonary.com
No. The word auditor doesn't only mean an internal auditor but also an external auditor. An auditor could be an internal or an external auditor. In most cases simply an auditor means an external auditor.
Because the auditor's report is an opinion. Just because that one auditor thought what they did. It does not mean that all other agree. The auditor's report is a formal opinion, or disclaimer, not a fact.
Internal auditor is elected by a voice vote in a general body meeting of any organization. You don't need any qualification for becoming an internal auditor. But if you are already in the line of accounts and audits, you have the brightest chance of being elected in your organization as Internal Auditor.
The auditor is the person who assesses whether the financial statement has been prepared accordingly or not. Firstly it is not the role of the auditor to prepare the financial statement as the auditor has to form an independent opinion. Secondly, it would be part of internal control and corporate governance activities for the preparation of the financial statement and the audit to be conducted be two separate parties to eliminate error or fraud.
Night auditor is a Revenue gaurd.who rolled Over date & tallied CASH/CC Reconciliation as well preapare DMR with trial balance and indicate major high balance & prepare all rev>report
There is a great site that can tell you lots of information about the internal audit exam and how to prepare. You can visit this link: http://www.theiia.org/certification/certified-internal-auditor/ and is based on computer testing.
doing internal audit and help management
a lot of money
An audit report is an opinion that is written by an auditor to show if the financial statements are correct. The auditor will indicate if they state the true financial position of the company.
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.
An internal auditor is one who is on staff at a company or business. The auditor checks to make sure all monies are accounted for, that the company's books balance and that there are internal controls on spending. An external auditor is one that is not a company employee and usually is an accountant from an outside accounting firm that does almost the same job as internal auditors. The main difference is that as an outside company, it can be more objective on its findings.
why is it necessary for the auditor to assess the internal contol processess