What are the duties of an external auditor?
An example of an AI chatbot conversation about the responsibilities of external auditors.
What are the main duties of an external auditor?
External auditors primarily assess financial statements for accuracy, compliance, and fairness.
Can you explain the process they follow during an audit?
Sure! They plan the audit, gather evidence, evaluate internal controls, and then report their findings.
What qualifications do external auditors need?
External auditors typically need a degree in accounting or finance and relevant certifications like CPA.
How do external auditors ensure independence?
They maintain independence by avoiding conflicts of interest and adhering to ethical guidelines.
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