AUD Auditors

Information about Independent Auditors

In relation to business accounting, independent auditors are the external auditors involved in examining a company’s financial statements and expressing their opinion based on their review of the company’s records. In order to give their opinion as to the fairness of the financial statements, the internal auditors should have passed the licensee examination given by the government to become a Certified Public Accountant (CPA). Hence, independent auditors are CPAs.

Independent's Auditor's Report

Address: You must address the auditor's report appropriately. It is appropriate to use the term "Independent Auditor" in order to distinguish it from the other reports issued by others, such as management.

Professional Qualifications

• Independent.
• Experience.
• Education.
• Distinction Between Responsibilities of Auditor and Management

The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by errors or fraud.

• The auditor's responsibility is to express an opinion on the financial statements.
• The management has a responsibility to the financial statements.
• The Management is responsible for adopting sound accounting policies and for establishing and maintaining internal control.

how to get the certificate of America

Requirements vary from state to state.

For example,

1. In Nomixhexo require 30 credit hours in accounting.
2. The state of Florida, which also requests 36 hours in accounting above the elementary level.
3. This may differ in other states that may require 150 hours - the equivalent of a Masters degree.

External auditor

• Is a chartered accountant who is himself a legal checker.
• Chartered accountant is an accountant licensed to practice - often - the auditing profession. They supposedly the highest-ranking of the holder of a bachelor's degree (ordinary accountant). Perhaps what America sought in most of their mandates of the request for 150 hours, equivalent to master rather than a bachelor's degree is just to confirm this sense.

The duties and responsibilities of the external auditor

1. Integrity.
2. Objectivity.
3. professional competence and due care.
4. Confidentiality.
5. professional behavior.

The duties and responsibilities of the external auditor for the performance audit function

• Quality control of the companies, which calls for audits and review of the financial statement.
• Execution audit in accordance with International Standards on Auditing.
• Quality control for audits of financial statements.
• Agree on the terms of reference checks.
• Audit Documentation.
• Auditor's responsibilities relating to fraud in an audit of financial statements.

Internal Auditor

Is an employee of the company, according to recent developments has been linked structured internal auditor audit committee in order to ensure a kind of independence from management and is accountable only to the Audit Committee and not a general manager or president of the company as it was before.

Of the most important functions of the internal auditor

• Work with the administration to prepare a form of optimal for everyday transactions and reports varied between the internal audit unit and all units established.
• Ensure internal control within the company as a whole.
• Ensure follow any recommendation issued by the Internal Auditor and measure compliance.
• Prepare a quality assurance program.