An auditor is a specialized person whose job is to assess a number of features of a venture, an industry or a person. Auditors are in charge of ascertaining the level of efficiency of the manufacturing units of the company .Also, an auditor performs the task to check whether the efficiency of labor and other resources is fully utilized. Another responsibility of auditor is to examine the authenticity of the financial proceedings of the business. Along with these functions, an auditor is likely to provide valuable suggestions regarding the adjustment of unconstructive situations that presently influence the company.
Nowadays, an auditor has an option of either to work as an employee in the organization and to perform functions a company expects from him or her or he or she may work as an independent professional providing services to several clients.
Those who work for a company are referred to as internal auditors, while those engaged in providing auditing solutions to many organizations are referred to as external auditors. Internal audit services are engaged to perform the task of inspecting controls and give advice managers at all levels, be it administrative level or executory level or operative level .They do a thorough analysis of all the operations being carried out in the organization and give an account of their results.
The external auditor’s job includes examination of the financial statements of a company and rectifying variations, if any. The responsibilities of external auditor include examining the financial accounts of a company, accumulating and understanding the figures and giving guidance regarding improvements.
External auditors London must be certified accountants. They must be certified with one of these professional institutions-ACCA, ICAEW, AIA, ICAS and ICAI .Before working as an external auditor, individual will be expected to work as an accountant for two years.
To qualify as a provider of internal auditing services, a person has to abide the guidelines of specific company he or she is employed at. The company may ask for accounting certification but it is not mandatory for every organization .Generally, these companies give job people having a rich experience in the field of finance. Thus, whether working as external auditors or rendering internal auditing services, auditors London have an unbeaten and prosperous career ahead of them. They perform a respectable job as an auditor.
Auditor is a Critical Companion of an Enterprise