A company has many different employees. However, an external auditor is an independent professional who works for the company. As a result, the auditor is not answerable to the directors and the managers of a company. Instead, the auditor is answerable to the shareholders of the company, relies on the auditors report. Unlike the external auditor who deals in financial audits of the company, the internal auditor deals with the internal controls of the company.
The company acts stipulates that every public company must publish its statements in the national gazette. This is meant to help the shareholders of the company to know how the company is faring. For the company to publish its accounts, it is essential to ensure that the auditor has verified and confirmed that the statements shown on the statements are true and fair.
You may start a good company. However, this does not mean that you have knowledge in all realms of business. For instance, you have to employ accountants to carry out the task of preparing the statements. As much as you may employ honest accountants, you may not know if the accountants are honest enough unless you hire a qualified person to ascertain the books of accountants.
Every company requires having reliable investors. No investor can agree to invest his or her money in a company's share, unless the company present correctly audited accounts. This is because; auditor act as shareholders watchdog. They are on the look out to ensure that the company presents the right information. Otherwise, the company may present the wrong information with an aim of having more shareholders.
The books of every company are prepared as far the requirement of the company's act. This means that the persons preparing the books must be conversant with the generally accepted rules. The auditor ensures that the books are in line with the company's act. Apart, from preparing the books of accounts, the auditor also offers sound advice to the managers and directors of the company.
There are different auditors that you can hire. However, not all auditors are able to offer you quality services. Cases of auditors disqualified from the professional board due to fraud are not new. However, with the right research in place, you can easily hire the right auditor. To ensure that you hire the right auditor, you need to evaluate certain factors. For instance, you need to ensure that the right professional body registers the auditor.
You also need to know if the auditor is experienced or not. You can know this by finding out the number of years the auditor has been in operation. For quality services, consider hiring an auditor with at least five years experience. This will assure that the auditor will be able to offer you quality services.
Sometimes, finding the best auditor to carry out financial audits may not be easy. However, you can start by talking to your relatives and friends. This is because; these individuals may have information on how you can get a reliable auditor. You may also search through the internet.
The company acts stipulates that every public company must publish its statements in the national gazette. This is meant to help the shareholders of the company to know how the company is faring. For the company to publish its accounts, it is essential to ensure that the auditor has verified and confirmed that the statements shown on the statements are true and fair.
You may start a good company. However, this does not mean that you have knowledge in all realms of business. For instance, you have to employ accountants to carry out the task of preparing the statements. As much as you may employ honest accountants, you may not know if the accountants are honest enough unless you hire a qualified person to ascertain the books of accountants.
Every company requires having reliable investors. No investor can agree to invest his or her money in a company's share, unless the company present correctly audited accounts. This is because; auditor act as shareholders watchdog. They are on the look out to ensure that the company presents the right information. Otherwise, the company may present the wrong information with an aim of having more shareholders.
The books of every company are prepared as far the requirement of the company's act. This means that the persons preparing the books must be conversant with the generally accepted rules. The auditor ensures that the books are in line with the company's act. Apart, from preparing the books of accounts, the auditor also offers sound advice to the managers and directors of the company.
There are different auditors that you can hire. However, not all auditors are able to offer you quality services. Cases of auditors disqualified from the professional board due to fraud are not new. However, with the right research in place, you can easily hire the right auditor. To ensure that you hire the right auditor, you need to evaluate certain factors. For instance, you need to ensure that the right professional body registers the auditor.
You also need to know if the auditor is experienced or not. You can know this by finding out the number of years the auditor has been in operation. For quality services, consider hiring an auditor with at least five years experience. This will assure that the auditor will be able to offer you quality services.
Sometimes, finding the best auditor to carry out financial audits may not be easy. However, you can start by talking to your relatives and friends. This is because; these individuals may have information on how you can get a reliable auditor. You may also search through the internet.
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