Thursday, November 1, 2012

What can an auditor do?

Beneath would be the query raised by one of particular readers on our blog:

" Somehow I came across ur weblog on the internet I am curious to understand the distinction amongst a auditor ann accountant. I am stuck within a scenario exactly where myy company's accounts was performed working with MYOB Computer software to maintain records, then once the Years ended, we are going to send to our accounts auditor to perform for us. however the issue at this point is, when our accounts will not tally, they didn't enable to check for us n throw back to us to perform all checking. I imply, we're not certified accountants( we onl applied the MYOB computer software) to maintain our accounts records. Now our accounts is stuck. Does it suggests tat auditor usually do not do accounting jobs? "

Our view are as belows:
What can an auditor do
In fact, auditor will not be permitted to investigate the discrepancies for the book-keeper. Auditor is bound from the principle of independence, which suggests that auditor is permitted to reviewed and checked the account and present opinion on the accurate and fairness with the account they can be auditing. Auditor is strictly not allowed from investigating the distinction and assisting you to tally.

In brief, to respond your query, auditor will not be permitted to execute accounting jobs.

On the other hand, in the event the distinction will not be material, you could possibly highlight to auditor that the quantity is immaterial and they might look at to discharge.

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