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.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Accounting Jobs Tip Site? Request a Tip Now!

Guru Spotlight
George Sayour