cryptohunter
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Auditors play a key role by independently checking a company's financial statements to ensure theyre accurate and follow the right rules. In the UK, companies, especially larger ones, are often required by law to appoint auditors.
Auditors provide an outside viewpoint assuring shareholder and others that the financial statements truly reflect the companys money situation and performance.
During an audit auditors look at the companys internal controls, check supporting documents, and do tests to make sure the financial info is correct. They dont just focus on numbers; they also evaluate the company's overall financial reporting processes and adherence to accounting principles.
Auditors provide an outside viewpoint assuring shareholder and others that the financial statements truly reflect the companys money situation and performance.
During an audit auditors look at the companys internal controls, check supporting documents, and do tests to make sure the financial info is correct. They dont just focus on numbers; they also evaluate the company's overall financial reporting processes and adherence to accounting principles.