What is a Acountant/Auditor?

Question

please reply with links from references.please explain a lot and so its understandable cause its for a report for school.

Answer 1

An audit is an evaluation of an organization, system, process, project or product. It is performed by a competent, independent, objective, and unbiased person or persons, known as auditors. The purpose is to make an independent assessment based on management's representation of their financial condition (through their financial statements). Another purpose of the audit is to ensure the operating effectiveness of the internal accounting system is in accordance with approved and accepted accounting standards, statutes, regulations, or practices. It also evaluates the internal controls to determine if conformance will continue, and recommends necessary changes in policies, procedures or controls. Auditing is a part of some quality control certifications such as ISO 9000.



There are two types of auditors:

Internal: Those are typically hired by the company. They audit and report to either management or the board of directors or both.
External (also called outside or independent auditors): They typically work for public accounting firms that are regional, national, or international. They are typically engaged to do the audit by the board of directors.



Also, here is a link that will give you different definitions of an accountant... http://dictionary.reference.com/browse/accountant

Answer 2

Home schoolers have accountants/auditors?