What is external auditor?

External Auditor

An external auditor is an audit professional who performs an audit in accordance with specific laws or rules on the financial statements of a company, government entity, other legal entity or organization, and who is independent of the entity being audited. Users of these entities' financial information, such as investors, government agencies, and the general public, rely on the external auditor to present an unbiased and independent audit report.

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Some articles on external auditor:

Central Bank Of Ireland - Criticism
... In July 2007, the Comptroller and Auditor General called for an independent review of the inspection process for financial institutions carried out by the Central ... expect that issues of this nature and this magnitude would have been picked up” by the external auditors ... Following a February 2010 review by the Comptroller and Auditor General, the organisation admitted that it paid for 52 spouses of staff to go on foreign trips over a two-year period ...
Center For Audit Quality - Investor Education
... The System of Investor Protection,” explains the roles of the external auditor, the audit committee chair, the chief financial officer, the internal ... financial reporting system Ledger Lines, an external auditor with a granite chin, who explains the roles and responsibilities of Lotta Charts, a CFO and a whiz with the books Indy ... video, “The Financial Statement Audit,” features external auditor Ledger Lines explaining the audit process, including the risk assessment, selection of the audit team, collection and documentation of ...
Auditor Independence
... Auditor independence refers to the independence of the internal auditor or of the external auditor from parties that may have a financial interest in the ... The concept requires the auditor to carry out his or her work freely and in an objective manner ... Independence of the internal auditor means independence from parties whose interests might be harmed by the results of an audit ...
External Auditor - Detection of Fraud
... If an external auditor detects fraud, it is his responsibility to bring it to the management's attention and consider withdrawing from the engagement if management does ... Normally, external auditors review the entity's information technology control procedures when assessing its overall internal controls ... External Audiors' Liability to Third Parties Auditors may be liable to 3rd parties who are damaged by making decisions based on information in audited reports ...

Famous quotes containing the word external:

    A State, in idea, is the opposite of a Church. A State regards classes, and not individuals; and it estimates classes, not by internal merit, but external accidents, as property, birth, etc. But a church does the reverse of this, and disregards all external accidents, and looks at men as individual persons, allowing no gradations of ranks, but such as greater or less wisdom, learning, and holiness ought to confer. A Church is, therefore, in idea, the only pure democracy.
    Samuel Taylor Coleridge (1772–1834)