Types Of Auditors

Many different types of external auditors can be hired for various purposes. The most common ones are: 1. Independent Auditors: These are auditors who work for an independent firm and are hired by the company to audit its financial statements. They usually have no connection with the company or its management but rather work as third parties to the company. They are generally independent in terms of their independence from the company they audit but not in terms of their freedom from each other. In this respect, they can be considered "independent auditors." 2. Internal Auditors: These are auditing firms that the company itself hires. They usually have a close relationship with the company's management and are typically employed to ensure that the company complies with its internal policies and procedures. In this respect, they are considered "internal auditors." 3. External Auditors: These are audit firms that another company hires. They are hired to audit the financial statements of another company. This is usually done to ensure the audited company complies with specific standards. They are also employed to ensure that the company being reviewed is not using accounting methods inconsistent with those used by other companies. 4. Public Accountants: