Q: Is an auditor a person or a firm appointed by a company to execute an audit? ¶
A: Yes.
Q: Is an auditor an independent firm engaged by the client subject to the audit? ¶
A: Yes, and to express an opinion on whether the company's financial statements are free of material misstatements, whether due to fraud or error.
Q: Are auditors employed by the organizations they audit? ¶
A: Yes.