External auditors are independent auditors appointed by the company's shareholders; they usually belong to Certified Public Accountant Firm (CPA) to help remove any bias in the company's financial review.22 fév. 2021
Engagement of External Auditors
One of the duties of the Audit Committee (AC) is to make recommendations to the Board on the appointment and reappointment of external auditors.
In addition, the AC should review the external auditors' fees and make appropriate recommendations to the Board for approval.
The Auditor's appointment is a vital procedure for a company as it makes sure about the transparency and accuracy of the company's financial statements.
An auditor is an independent professional who is appointed to measure the company's financial statements.