auditor


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Related to auditor: internal auditor

Auditor

1. A person who reviews activities to identify inefficiencies, reduce costs, and otherwise achieve organizational objectives. Auditors may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. They also help ensure the accuracy of reports. Audits are an essential part of a company's efficiency. See also: Internal auditor, External auditor.

2. In taxation, an employee of the tax collection agency who reviews the reports of an individual or company to see if all income, deductions, and/or credits reported accurately reflect reality. This is done to ensure that each individual or company pays his/her/its full tax liability. Audits are conducted on a random basis, or when something appears remiss on a tax return. See also: Tax avoidance, Tax evasion.

auditor

A person who examines an organization's financial records and reports. If the person is an employee of the organization being audited, he or she is known as an internal auditor. If the auditor is not an employee of the organization, he or she is called an external auditor.

auditor

a professional accountant appointed to check the accuracy of a JOINT-STOCK COMPANY'S LEDGER accounts and ANNUAL REPORT AND ACCOUNTS, and to present an independent report to SHAREHOLDERS on whether the accounts present a true and fair view of the company's affairs.
References in periodicals archive ?
In the case of Country B, the engagement of component auditors by the group engagement team may require more thorough consideration by the group engagement team than the engagement of a component auditor in Country A.
The two big threats to an auditor's professional skepticism are familiarity with management and the cult of personality.
Except for supervision of internal auditors, these are essentially the same assessments and duties the external auditor should perform as when they rely on work performed independently by internal auditors.
While audit managers are typically sensitive to competence deficiencies in their audit staff and can compensate by employing additional procedures themselves, auditors' ability to effectively respond to IT auditor competence deficiencies may be determined by their own AIS expertise level.
POST-SOX CHANGE Auditors are willing to offer initial fee discounts in order to gain access to expected future audit fees, non-audit services, and acquired efficiencies that reduce the cost of performing future audits.
This open and thoughtful approach being taken by the regulators should be applauded by preparers, auditors and investors.
Further, although (per secretary of the Navy instruction) no official other than the secretary and under secretary can ultimately tell the auditor general what to audit--or perhaps more important, what not to audit--the organizations we audit influence what the Naval Audit Service does in positive and constructive ways.
After an electronics recycling company has established compliance programs that are appropriate for its facility, the company can expect on-site visits from auditors. Each may represent a variety of specialties but will have the same purpose for visiting: ensuring that a company's employees, subcontractors and, in many cases, vendors perform to the established standards and practices.
2's concept of "reasonable assurance" by stating its use of that phrase in the audit report means a "high" level of assurance was intended to be obtained by the auditor. SAS No.
The process of setting new international standards covering auditor independence and audit quality, says the OECD in its recent "Corporate Governance Survey of OECD Countries," is driven by the realization that "the four large international accounting and audit companies are not in fact a guarantee of uniform quality standards across countries." Thus, the International Organization of Securities Commissions (IOSCO) has worked out principles covering auditor independence and auditor oversight.
It is unlawful for an auditor to provide these services to an audit client.
We believe researchers and policy makers should explore ways to strengthen auditor objectivity in the presence of uncertain accounting rules.