A person who performs the task of audit is called an auditor. An auditor is a professional having knowledge, skills and expertise in examining the books of records to access its accuracy and compliance with legal, accounting and financial standards. The auditor is responsible to report the findings of the audit. She/he holds the accountability for the results of audit. An auditor could be an employee of the organization in the form of internal auditor. She/he could be an outsider to an organization in the form of an external auditor.

Qualities of an Auditor

• Knowledge of relevant laws
• Knowledge of special statute and taxation
• Knowledge of the clients’ business
• Ability to apply common sense
• Knowledge of accounting principles and techniques
• Theoretical and practical knowledge
• Honesty

Rights and Powers of an Auditor

• Right to access to book, accounts and vouchers
• Right to obtain information and  explanation
• Right to sign the audit report
• Right to visit branch office and right to access to book
• Right to receive notice of and attend general meeting
• Right to receive remuneration

Functions and Duties of an Auditor

• Duty to submit report
• Duty to comply with prevailing laws