What is auditor client relationship?
The auditor-client relationship is an important interdependent relationship in the audit environment, as the financial statements are a joint product of both the client's and auditor's actions (Antle and Nalebuff 1991).
How do you handle audit clients?
Try to be sensitive and not emphasise their mistakes but rather position yourself as more of an advisor, helping them understand how they could improve in future. For those working in external audit in particular, flattery goes a long way. Compliment your client on the work they've done.
What audit means?
Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation.
What is an audit of a person?
An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct. Why am I being selected for an audit?
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