Main Responsibilities
The External Auditor plays a fundamental role in the world of finance. Their main task is to conduct financial audits in strict compliance with international accounting standards and financial regulations. This involves a thorough analysis of the company's financial statements, accounting processes and internal control systems.
In addition to this audit mission, the External Auditor must evaluate the company's financial management to ensure its compliance with financial laws and universally accepted accounting principles. This evaluation goes beyond simple compliance, requiring professional judgement on the quality and effectiveness of the company's financial management.
In many cases, the external auditor works closely with internal auditors. Together, they perform a comprehensive, consistent, and reliable audit, providing an accurate picture of the company's financial health. After completing the audit, the external auditor must prepare and present clear and detailed audit reports to the company's financial auditors, management, and even regulators. These reports not only reveal the results, but also provide relevant analysis and information.
The external auditor does not just identify problems, but also makes constructive recommendations to improve financial management and accounting practices. By ensuring the transparency and reliability of financial information, the External Auditor plays a key role in maintaining the confidence of investors, creditors, and other stakeholders.