The statutory auditor , also known as auditor or auditors , is an expert for the budget review and accounting of a company . The auditing of accounts is required by law (for this reason it is called legal auditing ) to ensure the correctness and reliability of a company's financial communications . This is an external test sets to protect individuals ( stakeholders ) involved in the activities of the business or interested in it, such as employees, shareholders, investors, suppliers, customers, IRS.
The auditor evaluates the accounting records and financial operations of companies, entities and organizations: verifies their accuracy, compliance with current regulations and identifies any critical elements. In addition to giving an opinion on the preparation of the financial statements and on the compliance of financial operations, the statutory auditor can also provide indications and recommendations to improve the company's management policies.
But how does the work of the auditor go in detail?
The auditor deals with accounting auditing : after analyzing the business context, he examines in depth the financial statements , the accounting records , the company 's financial statements (annual or consolidated financial statements), payrolls , inventories and all the administrative and accounting documents . It also focuses on analyzing tax returns and the overall tax situation, to check that the amount of taxes and contributions paid are correct. The statutory auditor then verifies the internal control procedures adopted by the company, to assess that they are effective in ensuring sound financial management .
If the auditor finds accounting or formal errors in the documents subject to verification, he must promptly notify the company management to ensure a prompt correction.
The purpose of the auditing activity is to ensure that the company accounts are in compliance with current regulations ( compliance audit ) and to identify possible traces of illegal activities or fraud
At the end of the audit, the Auditor processes all the documents and data collected and prepares a final report or final audit report , in which he presents the conclusions of the analysis and gives an opinion on the financial statements : that is, if it complies with the rules which govern the drafting and truthful with respect to the real financial position of the company.
As part of the final report, the statutory auditor can also provide suggestions to company management on actions to be taken to improve accounting management.
Also Check Auditor in Dubai
What are the companies that hire auditors ?
The main realities that Auditor take on are the large auditing firms : at international level the main players in the market are the so-called Big Four (Deloitte, PwC, Ernst & Young and KPMG).
In addition to these multinationals, accountants can find work in small and medium-sized auditing firms and professional firms that perform statutory auditing activities , mostly as an independent freelancer .
In order to operate in Italy, auditing firms must be registered in the special register of auditing firms maintained by CONSOB (National Commission for Companies and the Stock Exchange).
An auditor usually works full time . Transfers may be requested , because the auditing activities can be carried out at the offices of the client companies, and overtime to dispose of the work that accumulates in correspondence with tax deadlines .
Other names for this profession: Auditor , Auditor Annual Report , Statutory Auditor
Similar job searches: Auditing , Legal Auditing
The auditor evaluates the accounting records and financial operations of companies, entities and organizations: verifies their accuracy, compliance with current regulations and identifies any critical elements. In addition to giving an opinion on the preparation of the financial statements and on the compliance of financial operations, the statutory auditor can also provide indications and recommendations to improve the company's management policies.
But how does the work of the auditor go in detail?
The auditor deals with accounting auditing : after analyzing the business context, he examines in depth the financial statements , the accounting records , the company 's financial statements (annual or consolidated financial statements), payrolls , inventories and all the administrative and accounting documents . It also focuses on analyzing tax returns and the overall tax situation, to check that the amount of taxes and contributions paid are correct. The statutory auditor then verifies the internal control procedures adopted by the company, to assess that they are effective in ensuring sound financial management .
If the auditor finds accounting or formal errors in the documents subject to verification, he must promptly notify the company management to ensure a prompt correction.
The purpose of the auditing activity is to ensure that the company accounts are in compliance with current regulations ( compliance audit ) and to identify possible traces of illegal activities or fraud
At the end of the audit, the Auditor processes all the documents and data collected and prepares a final report or final audit report , in which he presents the conclusions of the analysis and gives an opinion on the financial statements : that is, if it complies with the rules which govern the drafting and truthful with respect to the real financial position of the company.
As part of the final report, the statutory auditor can also provide suggestions to company management on actions to be taken to improve accounting management.
Also Check Auditor in Dubai
What are the companies that hire auditors ?
The main realities that Auditor take on are the large auditing firms : at international level the main players in the market are the so-called Big Four (Deloitte, PwC, Ernst & Young and KPMG).
In addition to these multinationals, accountants can find work in small and medium-sized auditing firms and professional firms that perform statutory auditing activities , mostly as an independent freelancer .
In order to operate in Italy, auditing firms must be registered in the special register of auditing firms maintained by CONSOB (National Commission for Companies and the Stock Exchange).
An auditor usually works full time . Transfers may be requested , because the auditing activities can be carried out at the offices of the client companies, and overtime to dispose of the work that accumulates in correspondence with tax deadlines .
Other names for this profession: Auditor , Auditor Annual Report , Statutory Auditor
Similar job searches: Auditing , Legal Auditing
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