What does a government auditor do?
The Government Auditor evaluates whether the public funds were used according to the mandate associated with the funds. The position is usually divided into internal and external auditors. Government's internal auditors control financial records of government agencies to ensure compliance with financial standards. External government auditors control the activities of non -governmental recipients of third parties of government funds to ensure that the funds are spent in accordance with agreements governing the allocation of public money.
Auditing is a process where a financial specialist, usually trained in accounting methods, reviews and evaluates the financial records of the entity, the use of funds and compliance with financial controls. In the private sector, the audit is a mechanism used to ensure that companies work in the best interests of its investors and not for the financial gain of the initiated persons. Likewise, auditing performs a similar function in the public sector with Caveat that any inconsistencies revealed by an audit can lead tocriminal and civil consequences.
Government audits relate to the use of public funds that have an increased degree of responsibility. Public funds are usually assigned to government agencies for their own use or for the distribution of third parties under the permission of the country's legislative body. The permission of funds is usually tied to a number of things that can be and cannot be done with the money that is listed in a specific permit and in any umbrella governmental fiscal policy concerning allocation. For example, the authorization of specific funds can allocate the veteran administration money to support the development of small enterprises, but government policy could prohibit public money to go to any supplier who discriminate his hiring practices. The Government Auditor would not only have a shallow check that the funds were used as stated in the permission of funds, but also that the use of government policies followed.
Internal government auditors are usually assigned to the agency's audit or specific allocation of funds more agencies based on a single legislative permit. They go to the agency and carry out a control list of tasks that include reviewing financial expenses and determining compliance with financial protocols. The internal government auditor spends most of the time reviewing the agency's records to find that public money has not been used in an unauthorized manner.
External government auditors usually check the activities and financial records of sellers, grants and suppliers who receive government money. An important distinction between internal and external auditors in the government's context is that an external auditor usually also has to assess whether the government acquires its ratio. For example, an external government auditor that is assigned to the audit of the Government Program Payment of Health Care