Role of Auditors in our economy , Qualifications and Powers

in hive-175254 •  4 years ago  (edited)

Hello everyone this is @monz122 from India and today after i am back with another post of mine . Due to my CMA exams i was not able to post in this community for quite sometime. So now let's start with our topic . Role of Auditors in our Economy

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Who are Auditor and what are their roles?

A person who conducts audit is known as auditor .

Can any body become an Auditor?

No the qualifications required for becoming an auditor is :

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1)One should be qualified professionally .

2)He should have required knowledge of various disciplines associated with the audit such as accountancy , economics and mathematics.

  1. He should possess the integrity and should also be independent in his approach to the audit work.

Role of Auditors in our Economy

Auditors play an important role in investing the reports of the company , disclose relevant information , honest reports of the company.

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He prepares the reports of the company based on facts and actual figures which helps to depict the true information about the company.

Responsibility of an Auditor

To check the documents provided carefully
To make true and fair audit report
Not to commit any fraud .

Cc
@project.hope
@crypto.piotr

20% post reward goes to @ph-fund to support @project.hope (founder @crypto.piotr)

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Hi @monz122

this is a nice post and you shared information about auditors. You shared everything about their profile, qualification,s etc that helps to understand more. Thanks for sharing this nice post.

Thankyou so much sir for stopping by my post.

Very good publication, auditors are necessary to keep any company up to date.

Yes you are correct sir