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  1. An external auditor performs an audit, in accordance with specific laws or rules, of the financial statements of a company, government entity, other legal entity, or organization, and is independent of the entity being audited. [1]

    • English

      External auditor / Statutory auditor is an independent firm...

  2. en.wikipedia.org › wiki › AuditAudit - Wikipedia

    External auditor / Statutory auditor is an independent firm engaged by the client subject to the audit to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error.

  3. This is the main difference between internal and external audit where external auditors are independent of management and hence external auditors give an opinion on the financial statements as presented by the management of the organisation.

  4. External audit is the process of independent evaluation of the company’s financial statements by a qualified independent third party, the external auditor. In this case, auditors review the transactions and balances of the company’s accounting records to determine whether they are complete and accurate. As a result, auditors express their ...

  5. An External Audit is an independent examination of the financial statements of an organization by an external auditor or audit firm. This process objectively assesses the organization's financial reporting and compliance with applicable accounting standards and regulations.

  6. The internal audit function relates to an organization’s internal control and risk management. It ensures a company follows the adopted accounting standards. The external audit function provides a fair and independent opinion about an organization’s financial statements. They report independently to the shareholders of the company.

  7. An external audit is a financial review that is conducted by a party not associated with the company or department that is voluntarily or involuntarily under audit. An external audit takes place within a defined set of rules or laws.

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