An auditor is a professionally qualified accountant who is appointed by, and reports independently to, the shareholders. The auditor provides an independent opinion to shareholders and other users that the financial statements have been prepared properly and in accordance with legislative and regulatory requirements? that they present the information truthfully and fairly, and that they conform to the best accounting practice in their treatment of the various measurements and valuations (see audit and audit report)


reference: Business Studies / Accounting. Accounts & Finance Glossary. Jim Riley BA(Hons) MBA FCA // tutor2u