Person who audits an entity's financial statements and is independent of that entity
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An external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is independent of the entity being audited.[1] 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.
The manner of appointment, the qualifications, and the format of reporting by an external auditor are defined by statute, which varies according to jurisdiction. External auditors must be members of one of the recognised professional accountancy bodies.[2] External auditors normally address their reports to the shareholders of a corporation. In the United States, certified public accountants are the only authorized non-governmental external auditors who may perform audits and attestations on an entity's financial statements and provide reports on such audits for public review. In the UK,[3] Canada and other Commonwealth nations Chartered Accountants and Certified General Accountants have served in that role.
For public companies listed on stock exchanges in the United States, the Sarbanes-Oxley Act (SOX) has imposed stringent requirements on external auditors in their evaluation of internal controls and financial reporting. In many countries external auditors of nationalized commercial entities are appointed by an independent government body such as the Comptroller and Auditor General. Securities and Exchange Commissions may also impose specific requirements and roles on external auditors, including strict rules to establish independence.[4]
^Institute of Internal Auditors Archived 2010-11-23 at the Wayback Machine
An externalauditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal...
an externalauditor of the company, a person should have a certificate of practice from the regulatory authority. Externalauditor/ Statutory auditor is...
parties or external users that they can rely upon the auditor's opinion on the fairness of financial statements or other subjects on which the auditor expresses...
of the United Nations' Panel of ExternalAuditors, and has previously served as the chairman of its board of auditors, after being elected in 2011. The...
Auditor independence refers to the independence of the internal auditor or of the externalauditor from parties that may have a financial interest in the...
countries, the comptroller general, auditor general, or comptroller and auditor general is the externalauditor of the budget execution of the government...
statutory audits and statutory auditors on an EU-wide level. In India, the term "statutory auditor" refers to an externalauditor whose appointment is mandated...
reporting process, selection of the independent auditor, and receipt of audit results both internal and external. In a U.S. publicly traded company, an audit...
of the model, assurance from "external independent bodies" is seen as a fourth line of defence; here the externalauditor, and others, provide assurance...
Committee of Sponsoring Organizations of the Treadway Commission External audit, Externalauditor, Certified Public Accountant, and AICPA Internal Audit, Director...
and Auditor General of India. He assumed office on 7 January 2008 till 22 May 2013. He is the current chairman of UN Panel of ExternalAuditors and Honorary...
auditor also audits counties, cities, school districts, and other political subdivisions at the auditor's initiative, whenever they lack an external auditor...
responsible for. It was the internal auditor of the insolvent contractor Carillion and it was the externalauditor of Autonomy, when accusations were made...
difference between internal and external audit where externalauditors are independent of management and hence externalauditors give an opinion on the financial...
auditing, and is frequently performed by corporate internal auditors. An externalauditor reviews the findings of the internal audit as well as the inputs...
best able to identify and correct such a problem. The internal auditors and externalauditors of the organization also measure the effectiveness of internal...
The European Court of Auditors (ECA; French: Cour des comptes européenne) is the supreme audit institution of the European Union (EU). It was established...
the ExternalAuditor for the United Nations Scientific, Educational and Cultural Organization (2011) Independent Evaluation by the UNESCO External Auditor...
several concerns with its compliance, ordered the appointment of an externalauditor at Afterpay's expense to examine its compliance with the AML/CTF regulations...
Westpac will cease its relationship with PwC, which had been Westpac's externalauditor since 2002. The scandal occurred in the context of increasing privatisation...
financial reporting, and legal compliance. A separate state auditor serves as the externalauditor for the whole of state government and reports exclusively...
acts as an internal auditor, whereas some companies appoint an external expert as an internal auditor. Though an internal auditor is appointed by the...
qualifications of an Independent externalauditor for an insurer through the following major themes: Liability – ExternalAuditor Liability and Disassociation...
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