Question

17, An auditor is like a
A) Watchman
B) foolish dog.
C) mad dog.
D) watch dog​

Answer 1

Answer:

an auditor is like a mad dog

Answer 2

Option D) Watch Dog.

An auditor is like a watch dog​.

The financial accounts of organisations are examined by auditors to make sure they are accurate and legal. Auditors examine the financial records of businesses and other organisations to make sure they are accurate and compliant with the law.

Auditor:

• An auditor is a person qualified to examine financial documents, confirm their accuracy, and make sure businesses are following tax regulations.
• They guard companies against fraud, call attention to inconsistencies in accounting procedures, and, occasionally.
• They operate as consultants, assisting firms in identifying ways to improve operational efficiency.
• Within various industries, auditors serve in a variety of roles.

What an auditor does:

• An auditor's primary responsibility is to assess whether financial statements adhere to generally accepted accounting rules (GAAP).
• All publicly traded firms are required by the Securities and Exchange Commission (SEC) to have official auditing procedures followed while conducting routine external audits.
• There are many various kinds of auditors, including those who are employed by businesses as in-house auditors and those who work for independent audit firms.
• An audit report's ultimate verdict may be qualified or unqualified.

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