in addition to independent auditors that audit financial statements, there are several other types of auditors. independent auditors generally perform financial statement audits; internal auditors perform operational audits; and governmental auditors (e.g. irs auditors) generally perform compliance audits.

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02-09-2022
Business

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in addition to independent auditors that audit financial statements, there are several other types of auditors. independent auditors generally perform financial statement audits; internal auditors perform operational audits; and governmental auditors (e.g. irs auditors) generally perform compliance audits.

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Independent-Audit Financial Statements / Financial Statement Auditors

Audit the Company they work for / Internal Auditors

Report to Congress or Municipal Governments / Governmental Auditors

Enforce Federal Tax Laws only / IRS Auditors

Who are auditors?

A company's efficiency is monitored by auditors, who evaluate its financial activities. They are responsible for monitoring cash flow from start to finish and making sure that an organization's funds are correctly accounted for.

An auditor's primary responsibility in the case of public firms is to assess the conformity of financial statements with widely accepted accounting principles (GAAP). In order to fulfill this need, auditors examine financial information, operational aspects of a business, and accounting data while taking thorough notes on each step of the process, known as an audit trail.

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Who are auditors?

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