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What is the role of an auditor in terms of the financial statement?
Wiki User
∙ 10y ago
External Auditor has the role to materially evaluate the financial statements and provide his opinion that 'Does financial statements reflects true and fair activities of business' or not.
Wiki User
∙ 10y ago
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Why an auditor should not prepare the financial statement and then express an opinion Also the standards to which this relates?
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.
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What is the role of Canada's auditor - general?
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What is the role of an internal auditor as it relates to business finance?
An internal auditor is a company employee who independently and objectively evaluates the organization’s operations. The role of an internal auditor is to gather relevant and objective information about the organization. An internal auditor essentially serves as the eyes and ears of the company’s senior leadership and board of directors. Their assigned work may cover any area of an organization; however, their work should be directed by the audit committee. Internal audits have historically been aligned with accounting and financial reporting audits. However, there are other types of audits example, IT auditss, Operation audits and Performance audits.
Which statement describes the role the US plays in the International Red Cross?
The U.S. is the largest financial contributor to the International Red Cross.
What is the impact of finance on financial statements?
we can easily see that its a financial statement that means finance is the main reason for whom we are going to make statement. so the impact is surely very much. we cant do anything without the finance in a financial statement.it is like the mother of the statement.or we can say a fish without the water. i hope this short example will help enough.
Who is the present Controller and auditor general of India?
Shashi Kant Sharma, as of July 2014, is the Comptroller and Auditor General of India. Prior to this role, he was Defense Secretary of India.
What has the author Sameer C Mookerjee written?
Sameer C. Mookerjee has written: 'Role of the Comptroller and Auditor General in Indian democracy' -- subject(s): India, India. Comptroller and Auditor General
What is the role of a financial services representative?
The role of a Financial Service Representative is to help sell investment products to the institution's clients. A Financial Representative role consists of financial planning advice and the sale of financial products. Depending on what Company you work for a Financial Representatives responsibilities may vary.
