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Auditors can be classified under four types: (1) external auditors, (2) internal auditors, (3) government auditors,...

Auditors can be classified under four types: (1) external auditors, (2) internal auditors, (3) government auditors, and (4) forensic auditors. Explain?

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Expert Solution

  1. Independent/External Auditors: This type of auditor is asked to come into an institution or company and perform an unbiased audit of the organization's financial records. Government agencies, investors, and the general public rely on an external auditor to present an unbiased and independent report.
  2. Internal Auditors: This is a professional who works for a company or entity, and maintains internal control of the company’s internal finances and other related activities. An internal auditor is an in-house expert who makes sure that everything is going well and that finances are being handled appropriately.

  3. Government Auditors:

    Government auditors examine and maintain the records of government agencies. A government auditor may audit private businesses and individuals, in which their activities are regulated or taxed.

  4. . Forensic Auditors: These auditors specialize in crimes and are used by law enforcement organizations to help identify financial fraud and theft. However, the crime itself is not always of a purely financial nature. In instances when law enforcement needs help tracking money, a forensic auditor may be contacted.

ekkarill92 answered 1 year ago
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