Concept Introduction:
Auditing is an independent examination of financial statements. The set of financial statements includes
To indicate:Types of auditors and their roles.
Explanation of Solution
There are two types of auditors; internal and external. Internal auditor performs the audit as per the requirement of the management and provides opinion as well suggestions on the internal control and financialstatement of the entity. The external auditor (independent auditor) performs the statutory audit of the financial statement and provides opinion on the true and fair view of the financial statements.
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Chapter 2 Solutions
EBK AUDITING & ASSURANCE SERVICES: A SY
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