Auditor is just like
Answers
Answer:
auditor us just like a watch dog....
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Answer:
The auditor is just like a watchdog.
Explanation:
An auditor is more of a guard dog than a bloodhound.
That is to say, an auditor's job is to safeguard the interests of those who have chosen him. He will, nevertheless, adopt the role of company servant. He shall exercise reasonable caution and expertise in carrying out his responsibilities. The guard dog's attitude does not absolve him of his duty.
The phrase indicates that in the case of a limited firm, the shareholders pick an auditor. He is supposed to act as a watchdog for them and look out for their best interests.
Unlike a bloodhound, the auditor's job is verification rather than detection. If he detects something questionable during the audit, he should properly investigate the situation and inform the shareholders. He is perfectly entitled in accepting and relying on assertions made by the company's "tried servants" in the absence of such dubious circumstances. In summary, the auditor simply has a responsibility of "reasonable care" in the case of frauds and mistakes.