What do accountants & auditors do?

Moreover, accountants and auditors often work in teams to conduct such duties as preparing and reviewing financial statements, tallying inventory, and forecasting future sales. The salary range for new accountants and auditors is broad.

What does an auditor do?

Like accountants, an auditor can work internally for a specific company or for a third party, such as a public accounting firm, to audit various businesses. Additionally, many auditors are employed by government and regulatory bodies, most notably the Internal Revenue Service (IRS).

Who performs a financial audit?

Audits can be performed by internal parties and a government entity, such as the Internal Revenue Service (IRS). Audit is an important term used in accounting that describes the examination and verification of a company’s financial records. It is to ensure that financial information is represented fairly and accurately.