Independent auditor

(redirected from Independent Auditors)

Independent auditor

A certified public accountant operating outside the company who can provide an accountant's opinion.

Independent Auditor

A CPA who reviews a company's business activities to identify and resolve discrepancies. Independent auditors may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. Importantly, an independent auditor is not employed by the company he/she is investigating. An independent auditor must review a company and provide it with an accountant's letter when it releases financial statements to shareholders. The accountant's letter certifies that the financial statements have been reviewed and are accurate. See also: Internal auditor.
Mentioned in ?
References in periodicals archive ?
The use of the legal term "fiduciary" is stated in my earlier letter and defines the services provided by independent auditors.
M2 EQUITYBITES-August 20, 2015-Amira Nature Foods Ltd announces engagement of ASA & Associates LLP as independent auditors
The committee believes that these recommendations will help restore confidence in published financial statements, the financial reporting process and the work of independent auditors.
This distinction is important, because the standard requires independent auditors of the service provider's customers (the "user auditors") to use these two reports in different manners.
Arrange meetings with management, internal auditors, and independent auditors.
Significantly, Judge Laro held that Wal-Mart's methodology conformed with GAAP because Wal-Mart received an unqualified audit opinion from its independent auditors, Ernst & Young (E&Y).
Other brainstorming agenda items include the results of whistle-blower hotline calls, fraud risk assessments performed by the company's independent auditors, and fraud risk factors or concerns identified by the audit committee.
Further, we believe that Sarbanes-Oxley recognizes that independent auditors have a responsibility to understand the internal controls so that they can plan their audit.
Should management be required to report on internal controls, and should independent auditors have to attest to such reports?
11, Using the Work of a Specialist, and provides guidance to independent auditors about the use of a specialist's work when such independent auditors perform audits of financial statements prepared in accordance with GAAP.

Full browser ?