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Auditor

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Title: Auditor  
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Subject: Audit regime, Keith Fimian, Management, Bank examiner, Circulation Verification Council
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Auditor

A person who is conducting Audit or person appointed by the company to execute the audit is called Auditor.[1] In order to act as an auditor, a person should be certified by the regulatory authority of accounting and auditing or possess certain specified qualifications. Generally to act as an external auditor of the company, a person should have a certificate of practice from the regulatory authority.

Types of Auditor

  • External auditor/ Statutory auditor is an independent firm engaged by the client subject to the audit, to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error. For publicly traded companies, external auditors may also be required to express an opinion over the effectiveness of internal controls over financial reporting. External auditors may also be engaged to perform other agreed-upon procedures, related or unrelated to financial statements. Most importantly, external auditors, though engaged and paid by the company being audited, should be regarded as independent.
  • [2]

References

  1. ^ Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal
  2. ^
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