What are the duties of the auditor?

The auditor is an accountant who focuses on ensuring the accuracy of financial records of companies and individuals. There are several types of auditors, including an internal species that are employed by a company that they audit, while the external type works under the contract outside the company. Government agencies also employ auditors to make sure that tax returns are correct. Typical tasks include finding evidence of fraud, finding ways to reduce the cost of corporate, verify financial information and determine ways to fix any found errors.

Many large companies employs at least one internal auditor because they need to supervise someone the work they do. These auditors are expected to compare the company's financial records with the records of banks and creditors associated with the organization. Finding errors at the beginning can help prevent the main consequences that often come from the disorganized financial recording time of the tax. BecauseThat typical sanctions from missing such problems may include stiff fines for the company, it is often worth using an internal full -time auditor.

Some companies are not sufficiently profitable to hire a full -time auditor, but still need help to maintain their finances organized and find ways to reduce costs and identify the money that is constantly wasting in the organization. They can therefore use the services of an external auditor for part of the year, as this type of accountant deals with several companies at the same time under the contract. External auditors are considered objective than internal auditors, because there is a minor option to conflict of interests; For this reason, it is not uncommon for large companies to use internal and external auditors.

Individuals are as influenced by auditors as companies, at least at the time of tax. It is becauseE The government usually employs auditors to compare tax returns to paying stumps, bank statements and other financial records to ensure that all sources of income were reported and taxed correctly. Unlike the type of auditor that the company can employ, this species works in the interest of the government, not an individual or company. Therefore, it is usually an audited negative connotation, although audits can be done randomly, so this process does not always mean unlawful conduct. However, if the auditor finds that the citizen intentionally reported all the income to the government, sanctions include taxing taxes and fines together with prison in the most serious cases.