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Auditors review a company's financial records and banking information. They make sure the company is presenting the financial information accurately, fairly, and in line with generally accepted accounting principles.

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9y ago
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12y ago

An auditor evaluates the extent an assertion complies with specific rules or procedures. Auditor's do not ensure the accuracy of a company's accounting books nor do they ensure against fraud and general accounting errors. An auditor that is auditing a companies financial statements evaluate whether the company's assertions, which are the financial statements, contain any material misstatements.

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Q: What are the responsibilities of an auditor?
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What should be the consequences for the auditor if he is proved to be negligent in carrying out his responsibilities?

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