IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59786-0_13.html
   My bibliography  Save this book chapter

The Contribution of External Auditors to the Internal Control System

In: Implementing and Auditing the Internal Control System

Author

Listed:
  • Dimitris N. Chorafas

Abstract

The role of external auditors is important not only to the certification of accounts but also as a professional support to a company’s internal audit function. Typically, external auditors are certified public accountants (CPAs, chartered accountants) who are hired by senior management for independent auditing duties. External auditors are also delegated by bank supervisors and other regulatory authorities who have the function of independent examiners. The wider description of their mission includes: Evaluation and certification of the work of internal auditors Review of the company’s records and computational procedures Evaluation of accounting procedures for compliance reasons Analysis of financial reports and disclosures Testing of assets, liabilities, revenues, and expenses in terms of valuation Appraisal of internal controls and their adequacy under stress conditions.

Suggested Citation

  • Dimitris N. Chorafas, 2001. "The Contribution of External Auditors to the Internal Control System," Palgrave Macmillan Books, in: Implementing and Auditing the Internal Control System, chapter 13, pages 314-336, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59786-0_13
    DOI: 10.1057/9780230597860_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-59786-0_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.