Business Terms and Jargon Explained

What is External Auditor

This is an independent accounts professional who goes into a company to independently give an opinion on the financial position of the business. It is important that this person is independent as the figure are to be used by others outside the company .e.g., banks, tax man, shareholders.

They look at the accounts system and procedures and check that it is correct and used correctly. They used standard method to determine if the figures are correct and that the overall financial statements are a true and fair statement of the business financial position.

A company’s size is one of the factors used by companies Act to determine if a company must have its financial statement certify by an external auditor.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


Search Term   

Internal Auditing Epicenter Flowchart
Abatement Inflation UN
N323 Civil Court form Jus naturale FIO
Services Appreciation Annuity
Ad Valorem Over the Counter Year end dividend
Public corporations Leasehold Nakfa
Bear Market Stagger Adultery - Legal
Place Of Supply Visa Exempt Supply
In extenso Banana Problem Quid pro quo
QUANGO Leave to appeal PayPoint
MoneyGram Pessimist Project brief
NES Progress payments Order Optimisation
Deadline Accrual Accounting Donor

Term created / updated 2006-05-14 00:22:52

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2020 Scopulus Limited. All rights reserved.