An internal auditor is an employee of a company who is responsible for auditing the financial statements of that company. The internal auditor is typically a certified public accountant (CPA) who has experience working in the accounting field. The internal auditor's job is to ensure that the financial statements of the company are accurate and free from fraud. What is internal audit also called? Internal audit is also called financial audit, operational audit, and compliance audit. Is an Internal Auditor an accountant? An internal auditor is an accountant who is responsible for auditing the financial statements of a company. Internal auditors are employed by the company they are auditing and report to the board of directors or audit committee. Internal auditors typically have a bachelor's degree in accounting or a related field. What is SOX assessment? The SOX assessment is an evaluation of a company's internal controls and procedures related to financial reporting. The assessment is typically performed by an external auditing firm.
What is internal and external auditor?
An internal auditor is an employee of the organization who audits the organization's financial statements and internal controls. An external auditor is an independent professional who audits the financial statements and internal controls of the organization. What is SOX in accounting? The Sarbanes-Oxley Act (SOX) is a federal law that was enacted in 2002 in response to the Enron scandal and other instances of corporate fraud. The law requires public companies to maintain accurate financial records and to disclose any material errors or fraud. SOX also created the Public Company Accounting Oversight Board (PCAOB), which is responsible for setting auditing standards and inspecting accounting firms that audit public companies.