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What is the function of the auditor?

An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.

What are the duties of an auditor?

An auditor periodically monitors and inspects a companys accounting books to verify that they are accurate and comprehensive. They periodically compute tax liability and calculate tax returns.

Why is cash verification important in auditing?

This provides independent, outside verification of the existence, ownership rights and valuation of the cash on the financial statements. It also ensures that the Board is adequately monitoring their assets as part of their internal control procedures.

What are the roles and responsibilities of a financial auditor?

8 finance auditor responsibilities Ensuring compliance. Reviewing statements. Interviewing accounting professionals. Performing department-specific audits. Evaluating internal controls. Monitoring performance. Conducting external audits. Detecting fraud.

What is the role of a cash auditor?

Audit Program Cash auditing is a complete or partial assessment of cash transactions that an auditor carries out within a set time frame. You may audit cash to ensure proper documentation of cash received or disbursed and to establish that the cash balance and deposits are accurate.

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