Tasks performed by an auditor

Can you please tell me the main tasks performed by an auditor?

There are various tasks performed by an auditor. An auditor is a person from the accounts department who is trained in auditing. Verification of the financial records of a company is the main task that an auditor has to perform. Auditor determines the efficiency, adequacy and effectiveness of the organization. They also review the reliability and integrity of management and ensure compliance with policies, procedures and laws. Their primary responsible is to maintain accurate records of a company and to help organisations in operating efficiently. In addition to monitoring a company’s finances, they often make recommendations for greater compliance and better management policies. There are various different roles within an organisation that are occupied by auditors. The roles of an auditor may vary from tax law specialists to internal resources auditing professionals. Regardless of their respective areas, all auditors are vital to the financial health of organizations.

There are numerous types of audits conducted by an auditor. Major type of audits conducted by auditors includes financial audit, operational or management audit and compliance audit. A financial statement audit (or attest audit) examines financial statements, records, and related operations to ascertain adherence to generally accepted accounting principles. An operational audit examines an organization's activities in order to assess performances and develop recommendations for improved use of business resources. A compliance audit has as its objective the determination of whether an organization is following established procedures or rules. Thus, the role of an auditor is a very important one.