Auditors are finance professionals who perform audits — they review financial statements, internal processes, and transaction records to assess accuracy and completeness.
Internal auditors typically work for the company they audit and guide management on improving recording and reporting processes..
It is to ensure that financial information is represented fairly and accurately.
Also, audits are performed to ensure that financial statements are prepared in accordance with the relevant accounting standards..
Purchasing System.
A purchasing system offers another example of auditing.
A large organization needs a set of operating procedures, or internal controls, to ensure that the raw materials and finished goods acquired by its employees represent the best use of financial resources, such as being cost efficient..
The role of the auditor or reviewer is to give a professional and independent on these financial statements.
The review or audit of an association's financial report can ensure greater accountability to the members and provide an assurance that all funds received by the organisation have been correctly accounted for..
An auditor should have the required knowledge on accounting, business and taxation law.
It is also necessary that he or she has computer operation skills because most of the operations will require one.
Knowledge of management systems will also be an added advantage..
Auditors are finance professionals who inspect accounting records and other financial documents to make sure they're accurate.
A major part of their duties is to make sure an organization's finances are compliant with government and industry regulations, such as paying taxes properly..
They are Deloitte, Ernst \& Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).
Aside from auditing services, the Big Four offer tax, strategy and management consulting, valuation, market research, assurance, and legal advisory services..
As per companies Act 2013 maximum limit of a company is 20 excluding one person company, small company, dormant company having paid up capital less than 100 crores.
As per ICAI guidelines a chartered accountant can take maximum 30 audit including Pvt.co..
The accounts are audited once a year by an auditor. an external/internal/independent auditor The committee will appoint an independent auditor to examine the annual accounts..
Auditors examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others.
Install or advise on systems of recording costs or other financial and budgetary data..
Example: "My immediate objective is to secure an auditing position where I can improve both professionally and personally.
I enjoy taking on challenges and am interested in working where I can take up more responsibilities and duties..
