Auditor Responsibilities

 Auditor Responsibilities

Auditor responsibilities include obtaining audit evidence, compliance with auditing standards, compliance with ethical guidelines and expressing an appropriate audit opinion. These responsibilities have been explained below;

1.    Obtain Audit Evidence

First responsibility of is to obtain audit evidence for forming an opinion. Audit opinion must be based on the audit evidence obtained by the auditor during the conduct of audit.

2.    Auditing Standard Compliance

Second responsibility of Auditor is to plan and conduct the audit in accordance with the guideline of international auditing standard and national standard (if any). Compliance with such standard would help auditor for obtaining required audit evidence for audit opinion.

3.    Ethical Guidelines Compliance

Third responsibility of Auditor is to comply with ethical guidelines for audit i.e. independence, integrity, professional behavior, competence etc.

4.    Expressing an Opinion

Fourth responsibility of Auditor is to express an opinion on the financial statement, whether or not, those financial statement present the factual position. Auditor is required to express appropriate opinion in the relevant circumstances.