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  • The main job of the auditor is verification of a company's financial records.
  • Auditors study various sources to find out whether a company's records present its true financial situation.
  • They check the company's bookkeeping and accounting methods by analyzing its books and records.
  • External or independent auditors work for public accounting firms or are self-employed. Businesses, industries, and government agencies contract with auditors to verify and certify their financial statements. Well-run companies usually have their books audited once a year. An independent audit gives shareholders and creditors an outside, expert opinion of a company's financial condition.
  • Internal auditors examine and evaluate the financial system of their firm to ensure that it is being run efficiently and economically. They examine all financial records, including accounting books, payroll records, and equipment and inventory records. They submit reports to management on how well accounting policies are working and where changes should be made.
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