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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.

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9y ago
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15y ago

an auditor is a person employed in a company for examining or inspecting business or financial records in a company or an organization.

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Q: What is the duty of an auditor?
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What is meant by Lack of duty?

Lack of duty is a defense against a lawsuit from a third party suing the auditor. It basically means that if an auditor is being sued then they can counter it by stating that there was no contract that existed between the two parties. It is usually used when a review engagement is done ( a step down from a true audit)


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The auditor came to inspect their books.


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Ernst and Young is the auditor of Facebook Inc.


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What is the personal qualities of an auditor?

Aristotelian toughs about personal qualities of auditor


Who is the auditor of Schumacher Electric?

Peat Moss based out of Seattle is the auditor of Schumacher.


When was Auditor General of Canada created?

Auditor General of Canada was created in 1878.


Someone who examines accounts officially?

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the auditor general of Sri Lanka is Mr.H.A.S.Samaraweera


Why an auditor's report is in form of opinion and not in form of fact?

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.