answersLogoWhite

0

Non-negligent performance by an auditor refers to the execution of auditing tasks in accordance with established professional standards and guidelines, ensuring that the auditor conducts their work with due diligence and competence. This means the auditor has taken all necessary steps to identify and assess risks, gather sufficient evidence, and report findings accurately, thereby minimizing the possibility of errors or omissions. In essence, it reflects the auditor's commitment to maintaining a high level of professionalism and integrity in their work.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Related Questions

Is words auditor means internal auditor?

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.


What is meant by business risk and why its important for the auditor to properly assess the risk?

Business risk means the amount of money and reputation that a business stands to lost. It is important for an auditor to assess the risk in order for the business to avoid heavy losses.


What four aspects of your job will be documented in an auditor evaluation as a lifeguard?

Auditor evaluations of lifeguards are essentially performance reports. The four main aspects of the job that are documented are your professionalism and on the stand performance, your ability to remain vigilant and effectively meet swimmer protection standards, your level of rescue readiness, and your ability to protect yourself from the environment.


What types of jobs will lead auditor training get me?

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.


What is meant by work performance?

The phrase work performance means how well someone does his or her job.


What is a sentence using auditor?

The auditor came to inspect their books.


What is a female auditor called?

An auditor - the term is not gender specific.


Who is the auditor for Facebook.?

Ernst and Young is the auditor of Facebook Inc.


Why can't auditors invest in companies that they audit?

The main reason an auditor cannot invest in companies they audit is of course that there is a conflict of interest. An simple example of this would be an auditor, auditing Apple Inc's accounts, the auditor would have prior knowledge on the companies profit, which would not be public knowledge until the results are made public. Based on Apple's performance an auditor who have information that could be advantage regarding as another example the possible up or down side of the companies stock price. There are numbers other examples such as an auditor conducting due diligence on a merger and acquisition. But the main reason is a conflict of interest


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)


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.