AUDITINGS AND AUDITORS ROLES....
Auditors are responsible for reviewing company accounts and ensuring that they provide the public, and in particular stakeholders, with a fair representation of the company's financial position.
Auditors work internally within a company, or externally, reviewing the accounts of clients and making recommendations for improvement. Internal auditors examine the financial policies and practices within a company, advising management staff on how company finances could work more efficiently. External auditors independently review a company's accounts, analysing and interpreting figures and assessing risk. Most companies are required to publish a copy of their audited accounts at the end of the financial year.
Financial auditors are responsible for:
- Recommending ways to improve the efficiency of a company's financial reporting systems
- Examining policies and procedures associated with company finances
- Reading information about a company in preparation for an audit
- Examining company accounts and financial records
- Collecting and interpreting figures
- Asking questions and discussing finances with clients
