Independent Auditor
/ɪnˈdɛpəndənt ˈɔːdɪtər/
Definitions
- (n.) A qualified professional authorized to examine and verify the accuracy of financial statements and compliance with applicable laws and regulations, acting without bias or influence from the entity audited.
The independent auditor issued an unqualified opinion on the company's financial statements.
Forms
- independent auditor
- independent auditors
Related terms
See also
Commentary
An independent auditor must maintain impartiality and independence from the client to ensure credibility of the audit; drafting engagement letters should emphasize scope and limitations of the auditor's responsibilities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.