What Is an Auditor? An auditor is a person authorized to review and verify the accuracy offinancial recordsand ensure that companies comply with tax laws. They protect businesses from fraud, point out discrepancies inaccounting methodsand, on occasion, work on a consultancy basis, helping organizat...
What is an auditor’s responsibility for supplementary information, such as disclosure of pension information, which is outside the basic financial statements but required by the GASB?A. The auditor’s only responsibility for supplementary information is to determine that such information has not been...
An auditor's opinion is a written opinion from an auditor that gives the management of a company or an agency notice of any...
An Internal Auditor may also be expected to evaluate the efficiency and effectiveness of current controls and determines if those controls can truly mitigate risks that can threaten the organization. Effective internal control is a built-in component of the management process and keeps the organization...
Auditor judgment is also named professional judgment. During the audit of financial statements, the auditor deal with subjective, non-quantifiable...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
Auditor's report – What is an auditor's report? An auditor's report provides an opinion on the validity and reliability of a company’s financial statements Starting and maintaining solid, professional accounting practices is essential for the growth of a business. Make sure yours are in order...
This stance toward auditor responsibility works when the company’s management is operating in good faith. It fails when management is inherently dishonest. Auditors have a point when they say there is no practical way for them to penetrate an elaborate, extensive, well-concealed fraud – or ...
An internal audit is an unbiased review of a company’s processes, systems, and procedures. Rather than having an outside consultant or specialist conduct this review, an internal audit is performed by professionals within the company. This could be an individual auditor, auditing department, or ...
What is an Audit Trail? What is a CFO? Discussion Comments By anon279641 — On Jul 13, 2012 I would like to know what time period should a city audit cover? Also, what audit work papers are needed by the auditor? By anon158397 — On Mar 07, 2011 Audit is not necessarily relat...
What is an Audit Trail? What is a CFO? Discussion Comments Byanon279641— On Jul 13, 2012 I would like to know what time period should a city audit cover? Also, what audit work papers are needed by the auditor? Byanon158397— On Mar 07, 2011 ...