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Who are the auditors for the government?

The accounts of Government companies are audited by Statutory Auditors appointed by Comptroller and Auditor General of India (CAG). These accounts are also subject to supplementary audit conducted by CAG. Audit of Statutory corporations is governed by their respective Legislations.

Who is responsible for auditing government agencies?

GAO is the supreme audit institution for the United States. Federal and state auditors look to GAO to provide standards for internal controls, financial audits, and other types of government audits.

Who audits the states?

State auditors (also known as state comptrollers, state controllers, or state examiners, among others) are fiscal officers lodged in the executive or legislative branches of U.S. state governments who serve as external auditors, financial controllers, bookkeepers, or inspectors general of public funds.

What is an auditors report by independent accountants?

An independent Auditors Report is an official opinion issued by an external or internal auditor as to the quality and accuracy of the financial statements prepared by a company. The report is a primary source of communication between the auditor and users of financial statements.

What is the difference between audit report and independent audit report?

An Independent Review provides limited assurance, whereas an audit provides reasonable assurance that the financial statements are represented fairly and free from material misstatements. The difference in assurance obtained from an independent review versus an audit is due to the scope of work performed.

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