Question: What Are The Auditors Responsibilities?

What are the duties and responsibilities of an auditor?

Auditor Job DescriptionEnsures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.Verifies assets and liabilities by comparing items to documentation.Completes audit workpapers by documenting audit tests and findings.More items….

What are the duties and responsibilities of an external auditor?

External Auditor responsibilities include:Inspecting financial statements to catch errors, misstatements and fraud.Performing audits on systems, operations and accounts.Reporting audit findings and recommending improvements.

What are the responsibilities of external auditors?

INTRODUCTION. External auditors are responsible for auditing the company’s financial statements and providing reasonable assurance that they are presented fairly and in conformity with GAAP and that they reflect true representation of the company’s financial position and results of operations.

What are the responsibilities of the state auditor?

The auditor is a state-level position in 48 states that supervises and has administrative rights over the accounting and financial functions of the state. Additionally, auditors act as watchdogs over other state agencies, performing internal government audits and investigating fraud allegations.

What skills do auditors need?

Key skills for auditorsSelf-motivation, determination and confidence.Ability to divide your time between work and study.Meticulous attention to detail.A strong aptitude for maths.Excellent problem-solving skills.A keen interest in the financial system.Ability to work to deadlines, under pressure.More items…

What are 3 types of audits?

What Is an Audit?There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits.External audits are commonly performed by Certified Public Accounting (CPA) firms and result in an auditor’s opinion which is included in the audit report.More items…•