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All businesses have income and expenses. They have to pay their bills. Businesses take inventories. Auditors come in with their computers and see that the checks were deposited in the proper accounts. That the the expenses were put into the correct columns and that the figures are what the management says they are. It is at that point that fraud may be found. The accountant at Arthur Anderson did not point out that the officials at Enron corporation had stolen money. He was a bad auditor. He did not do his job.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoAn auditor makes sure the business records of a company are correct. They help find and correct errors so the company's books are balanced.
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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 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.
Whats called a person facing Audit from Auditor?
A person facing an audit is called a pre-clear. This means that they have not been cleared yet by the auditor.
What is Qualified and unqualified auditor report?
At the end of audit engagement, an auditor can give hisÊopinion Êin the auditor's report as either qualified or unqualified. Unqualified report is one that the auditor is satisfied that the business Êor an organisationÊhas present fairly its affair in all material aspect. WhileÊa qualified Êreport oneÊwhich theÊauditor concludes Êthat most matter have been dealt with but not sufficiently.
Who is someone that examines the bank accounts officially?
Usually an auditor.
What is the role of auditor general?
Audit the government
What is a Conformance role of auditor?
The auditor's function in ensuring that the organisation conforms to policies procedures and statutory matters.
What is the role of Canada's Auditor-General?
Audit the government
What is the role of Canada's auditor - general?
Hello Cunard student
What is the role of an auditor in terms of the financial statement?
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.
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
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 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.
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.
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.
What is a sentence using auditor?
The auditor came to inspect their books.
