External Auditor

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External Auditor

An auditor who is appointed by an NHS Trust to review and report on aspects of a hospital trust’s performance, especially in key areas and services.
References in periodicals archive ?
To determine the consistency of fee disclosures, we surveyed 31 external auditors (partners and managers) who regularly participate in the fee disclosure preparedness process.
The quality of the information is based on the board asking the right questions of the external auditors, hence the need for qualified financial experts.
These results suggest that the decision process for hiring an external auditor is more complex than simply minimizing the audit fee.
Announcing the report's findings, Cllr Mick McMahon (Lab, Camp Hill), the committee chairman, said the external auditors had "declared that, in their opinion, the council's overall arrangements for the prevention and detection of fraud are sound".
In planning, conducting, and reporting a financial statement audit, external auditors follow the 10 generally accepted auditing standards (GAAS) issued by the AICPA and the statements on auditing standards (SAS) issued by the Auditing Standards Board.
Finally, it provides a useful methodology for demonstrating to the external auditors that the company's tax positions are well considered and properly accounted for in the financial statements.
The Review of Auditor Independence published by the Chartered Institute of Management Accountants reached the overarching conclusion that external auditor independence must be viewed in context of corporate governance and the accountability of organisations to their shareholders.
T Auditing Standards Board of The American Institute of Certified Public Accountants recently issued a Statement on Auditing Standards (SAS) 65, "The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements."(1) This statement supersedes SAS 9, "The Effect of an Internal Audit Function on the Scope of the Independent Auditor's Examination"(2) and significantly affects the working relationship between external auditors and internal auditors.
The Securities and Exchange Commission (SEC) is poised to roll out by next month a one-stop shop for the accreditation of external auditors for the financial sector, covering entities regulated and supervised by the Bangko Sentral ng Pilipinas (BSP) and the Insurance Commission (IC).
The research also found that when external auditors rely on procedures performed by an independent audit function, audit delay is reduced by 4.1 to 6.6 days.
The CAG of India is currently also on the Board of Auditors of the United Nations and Vice Chair of the UN Panel of External Auditors.
BSP tightens rules on selection of external auditors !-- -- MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) has tightened the guidelines on the selection of external auditors for banks and financial institutions to preserve the integrity of financial reports and transparency in the financial system.

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