Auditor FAQs:


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.