What is the primary responsibility of the external auditor?

The primary role of external auditors is to express an opinion on whether an entity’s financial statements are free of material misstatements.Click to see full answer. Also to know is, what are the roles and responsibilities of an external auditor?External auditors are responsible for auditing the company’s financial statements and providing reasonable assurance that they are presented fairly and in conformity with GAAP and that they reflect true representation of the company’s financial position and results of operations.Also, what is the purpose of external audit? An external audit process ensures that a company’s internal controls, processes, guidelines and policies are adequate, effective and in compliance with governmental requirements, industry standards and company policies. This type of audit also ensures that reporting mechanisms prevent errors in financial statements. Also Know, what are the roles and responsibilities of an auditor? Auditor Job Duties: Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation. Verifies assets and liabilities by comparing items to documentation. Appraises adequacy of internal control systems by completing audit questionnaires.What is the primary function of an auditor?An auditor typically does the following: Examines financial statements to be sure that they are accurate and comply with laws and regulations. Computes taxes owed, prepares tax returns, and ensures that taxes are paid properly and on time.

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