The job of different types of Auditors
An auditor has a very important job of preparing financial records for an organization. He also examines the accuracy of those records. His job is to ensure timely and proper payment of taxes. Hence the job of every auditor is important to run an organization efficiently. An auditor will review the work carried out by the firm’s accountant every few months.
What an auditor does?
Auditors not only prepare and regulate financial records, but they also have to undertake the arduous task of explaining their findings to the organization. These professionals are nothing if not efficient critical thinkers. Their work demands them to stay organized and perform their tasks in an orderly way. Most of them are very ambitious and take risks.
Types of Auditors
There are some things that every auditor does, but there are others which are undertaken by specialized auditors. There are several auditor types that top audit firms in Dubai offer the services of. Following are the kinds with their specific job descriptions:
Public Auditors
Auditors which perform financial assessments for public organizations are called public auditors. They work for corporations as well as various government departments. They work with financial documents that clients must keep transparent in order to abide by laws.
Forensic Auditors
Forensic auditors are also public auditors. They have to perform the daunting task of reviewing financial statements of clients and intimate investors and authorities about the veracity of the prepared and reported statements. This breed of auditors possesses knowledge of accounting and finance combined with law and investigation. This skill-set enables them to determine if a financial activity is illegitimate.
Most of the forensic auditors are found working in collaboration with law enforcement departments of government. They also play a major role of expert witness in sensitive court cases.
Internal Auditors
These are the auditors directly affiliated to an organization, and their job is to make sure that an organization’s funds are free of fraud. Also, they look for ways to improve the processes for finding and eliminating waste and fraud in a company.
External Auditors
These auditors are called external auditors because they are not directly linked to the company they perform audits for. They are also called Independent auditors. Government sector as well as private sector rely on this type of auditor so that objective information can be reported. If you’re looking for external auditors, for instance, in Dubai, they are available with most top audit firms in Dubai which you can benefit from.
Information and Technology auditors
These are also internal auditors. But information and technology auditors manage controls for their organization's PCs and operating systems. In this way, they ensure that the financial data going into records is coming from a reliable and secure source.
Which auditor do you need to hire?
Almost all auditors have unique personalities. Different types of auditors, while having the same professional basis, their lines of work vary. All of them are responsible for reviewing the financial records, but their affiliations can vary.
To assess the work of an accountant every quarter, you can keep an internal auditor in your firm. If you’re handling a firm in Dubai with no internal auditor, you can hire an external auditor from one of the top auditing firms in Dubai.
