EXTERNAL AUDIT - an audit conducted by an individual of firm that is independent of the company being a...
EXTERNAL AUDITOR - an auditor, usually working for an audit firm, that is completely independent of the...
External audit
The risk associated with investments in a particular industry sector, country, company etc.
External Audit
Examination of an organisation's financial records and operations by an independent, external party. (See also Audit, Internal Audit).
External auditor - Independent public accountant who examines a business entity's books. The external auditor is not an employee of the company.
External audits are carried out by outside auditors, who do not have any ties to the organization or its financial statements.
External auditors are independent public accountants who audit financial statements for the purpose of rendering an opinion.
External evidence
External evidence is documentary evidence obtained directly from independent external sources.
An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report.
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These auditors aren't affiliated with the company being audited.
The corporate audit committee is the liaison between the company's management, the board of directors, internal and external auditors, and any other accounting experts advising the company on audit issues.
One new responsibility for the external auditor under section 404 of the act, for example, is to attest to the effectiveness of the internal control procedures of each firm.
The related, but separate financial audit comprises internal audit and external audit.
External auditors are usually members of a body such as the Institute of Chartered Accountants. The external auditor should be independent of the company being audited and should be professionally qualified.
In particular, the audit committee is responsible for hiring and managing external auditors.
They are used by internal and external auditors to implement and evaluate a firm's financial controls. The 2002 Sarbanes-Oxley Act and similar legislation is a primary driver of this application.
Public Company Accounting Oversight Board A US federal agency tasked with overseeing external auditors.
publicani 1) Ancient Roman precursors of the modern business corporation. 2) Owners of those Roman firms.
Generally Accepted Auditing Standards (GAAS) are governs the conduct of external audits by CPAs, as determined by the Auditing Standards Board (ASB) of the AICPA.
Popular terms ...
FINANCIAL AUDIT - An audit made by an independent external auditor for the purpose of issuing an audit opinion on the fair presentation of the financial statements of the state in conformity with GAAP. Refer to AUDIT.
in the case of an internal or an external audit). In both situations, audits are performed under the guidelines of Generally Accepted Accounting Principles (GAAP). An organization may undergo an audit for a number of different reasons.
Besides evaluating external audit reports, the Committee may evaluate internal audit reports as well. Management representations under the realm of the foreign corrupt practices act are also reviewed.
Internal audits are checks carried out as part of the company's own controls. When used unqualified the word audit is usually taken to mean external audit: the examination of accounts by external accountants (auditors) that is required by law.
' At a minimum, governance systems include a board of directors (to hire, fire, and compensate management) and an external auditor (to make sure financial statements are accurate).
once a year to decide on the appropriation of profit, " corporation actions, amendments to the articles of associations and other important matters. The shareholders also elect their representatives on the " supervisory board and the external auditor, ...
key decisions by member central banks focus on distribution of the dividend and profit, approval of the annual report and the accounts of the Bank, adjustments in the allowances paid to Board members, and selection of the Bank's external auditors.
 See also: Internal audit, Acquisitions, Mergers, Expense, Banks
  
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