auditors
Financial record checkers
Auditors examine financial records to verify their accuracy and compliance.
External auditors work independently to certify that a company's accounts are truthful; internal auditors check for fraud, waste, and procedural failures within an organization.
The IRS employs auditors to review tax returns.
Beyond finance, auditors may evaluate any system: safety auditors, environmental auditors.
In academic settings, an auditor attends a course without receiving credit.
Enforced rules and standards
- standardsAccepted levels of quality
- adherenceFaithful following of something
- legislationOfficial enactment of statutes
- policiesAdopted courses of action
guidelines · requirements · controls · procedures · certification · governance · due diligence · ethics
Critical written assessment
- inspectionFormal assessment of condition
- verificationProving something accurate
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
analysis · investigation · testing · sampling · inquiry · walkthrough · confirmation · substantive
Financial record book
- bookkeepingRecording financial transactions systematically
- reconciliationRestoration of friendly relations
- financial statementsFormal records of transactions
- balance sheetAssets-liabilities-equity report
trial balance · journal entries · debits · credits · accounts payable · accounts receivable · general ledger · accruals
Overseeing people or processes
- monitoringOngoing observation of something
- watchdogGuard or monitor
- stewardshipResponsible care of entrusted things
- fiduciary dutyObligation to act loyally
transparency · accountability · independence · objectivity · public interest · shareholder · stakeholder · assurance
Dominant group of four
- CPALicensed accounting professional
- chartered accountantCredentialed financial auditor
regulations
Enforced rules and standards
- standardsAccepted levels of quality
- adherenceFaithful following of something
- legislationOfficial enactment of statutes
policies · guidelines · requirements · controls · procedures · certification · governance · due diligence · ethics · accountability
review
Critical written assessment
- inspectionFormal assessment of condition
- verificationProving something accurate
- assessmentFormal evaluation of worth
evaluation · analysis · investigation · testing · sampling · inquiry · walkthrough · confirmation · substantive · documentation
ledger
Financial record book
- bookkeepingRecording financial transactions systematically
- reconciliationRestoration of friendly relations
- financial statementsFormal records of transactions
balance sheet · trial balance · journal entries · debits · credits · accounts payable · accounts receivable · general ledger · accruals · adjustments
supervision
Overseeing people or processes
- monitoringOngoing observation of something
- watchdogGuard or monitor
- stewardshipResponsible care of entrusted things
fiduciary duty · transparency · accountability · independence · objectivity · public interest · shareholder · stakeholder · assurance · opinion
Big Four
Dominant group of four
- CPALicensed accounting professional
- chartered accountantCredentialed financial auditor
- finance prosfinancial analysts, investment bankers, stockbrokers, stock brokers, traders
- examinersinspectors, examiner, reviewers, inspector, evaluators
- government workerscivil servants, federal workers, civil servant, bureaucrat, federal employees
- food safetyfood safety, food hygiene, food handling, food poisoning, contamination
- oversightoversight committees, oversight board, review, supervisor, compliance
- tax officetax forms, tax records, income tax, property tax, refund processing
auditorsauditees
Those being officially inspected
subjects · clients · suspects · defendants · account holders
auditorsauditees
Those being officially inspected
bookkeepers · preparers · accountants · filers · controllers
auditorsinsiders
Those with special access
employees · staff · management · executives · operators
- city auditorLocal government financial examiner
- tax auditorOfficial reviewing filed returns
- auditory hallucinationsPerceived sounds without stimulus
- financial auditorsExaminers of fiscal records
- auditory thresholdFaintest sound perceivable
- auditory nervesNeural pathways for hearing