Types Of Auditors

TYPES OF AUDITORS There atomic number 18 three types of auditors: knowledgeable, governmental, and external (i.e., independent auditors or certified public accountants). Internal auditors argon employees of the system of rules whose activities are being examined and evaluated during an independent audit. The primary purposes of internal auditing are to minute review and judge a gilds policies, procedures, and records and to review and prise a companys exertion given its plans, policies, and procedures. Therefore, internal auditors review financial records and accounting system system systems, assess compliance with company policies, evaluate the cogency of company operations, and assess the attainment of company goals. Governmental auditors include accountants busy by the U.S. General Accounting Office (GAO). The GAO serves as the accounting and auditing split up of Congress. These governmental accountants perform accounting and auditing tasks for the wide-cut fed eral official government. In addition, most alleges bear their witness accounting and auditing agencies, which resemble the GAO. Because the GAO and its state counterparts are separate agencies from the departments and agencies they audit, they are identical to external auditors.

Consequently, federal and state departments and agencies often have their own internal auditors, who submit internal auditing services similar to those described above. Moreover, GAO auditing largely has the homogeneous focus as internal auditing: examining financial records, assessing compliance with laws and regulations, reviewing efficiency of operations, and evaluating the achievement of physical objects . In contrast, the independent auditor is ! not an employee of the organization being audited or an employee of the government. He or she performs an examination with the objective of issuing a report containing an impression on a clients financial statements. The licence function of external auditing refers to the auditors expression of an opinion on a companys financial...If you want to get a full phase of the moon about essay, order it on our website: OrderEssay.net

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