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Accounting & Tax vocabulary · Auditing & Internal Control

Auditor

Meaning in accounting & tax, with examples

/ˈɔːdɪtər/nounCore term

In accounting & tax, auditor means: A qualified professional who examines a company's accounts and records and gives an independent view on whether they are reliable.

In Turkish: denetçi, bağımsız denetçi, iç denetçi

How it is used

External auditors work for audit firms and report to shareholders; internal auditors are employees who review controls and processes. Companies appoint, change or rotate their auditors.

Example sentences

  1. The auditors want to see the contract behind every large sale in December.

  2. Our external auditor raised a point about stock counts in the management letter.

Common collocations

  • external auditor
  • internal auditor
  • appoint an auditor
  • auditor's report
  • statutory auditor
  • auditAn independent examination of a company's financial statements and records to check that they are accurate and follow the applicable rules.
  • audit opinionThe auditor's formal conclusion, given in the audit report, on whether the financial statements are fairly presented in all material respects.
  • chartered accountantAn accountant who has passed professional exams and belongs to a recognised accounting body, qualified to audit, advise on tax and sign certain reports.
  • internal controlThe policies and procedures a company uses to protect its assets, prevent errors and fraud, and make sure its financial reporting is reliable.

More terms: Auditing & Internal Control

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This page explains English vocabulary for learners. It is not financial advice.