September 5, 2008, Newsletter Issue #95: Auditing Services - External

Tip of the Week


External auditing services consist of expressing an independent opinion on an entities effectiveness regarding compliance with company policies and procedures. External auditors attest to the fairness and reliability of the firmís records that support the financial statements. An independent findings report is prepared and submitted with financial statements.

Some of the auditing services provided by external, independent auditing includes making recommendations for improvement, risk assessment, IT system efficiency, present findings to management, bookkeeping, operational audits, and ascertain SOX compliance. They can also provide tax consulting in a variety of areas.

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