Tenacious. It can be a … INTRODUCTION TO AUDITING What is a quality auditor and what is the purpose of a quality audit? Looks like you’ve clipped this slide to already. Clipping is a handy way to collect important slides you want to go back to later. The senior and junior audit clerks are working under his leadership. Determination of audit procedures and coordinating audit work. 4. 3. d)Professional competence. g) Audit Planning abilities. Suitable Title. Qualities or Characteristics of Good or Essential report 1. Empathy, for example, allows an auditor to better understand the client’s perspective as the audit operation progresses. 2. All audit techniques and procedures are derived from the concept of evidence. Right of access to books of account of Vouchers: An auditor of a company has a right of access to the books of accounts and vouchers of the company whether they are kept at the head office of the company or elsewhere. In these situations, auditors need to be flexible. IT CONTAINS BASICS OF AUDIT AND AUDITOR MEANING OF AUDIT, DEFINITION, ORIGIN AND DEVELOPMENT, TYPES OF AUDIT, DIFFERENCE BETWEEN ACCOUNT AND AUDIT, AUDITOR IT WILL HELP THE STUDENTS TO UNDERSTAND THE BASIC OF AUDIT. An Auditor should plan his work to complete his work efficiently and well within time. If you continue browsing the site, you agree to the use of cookies on this website. To understand the accounting details he can apply his knowledge and skill. The following qualities are essential for a good observer. See our Privacy Policy and User Agreement for details. It should also highlight upon its … B Y : N O O R U L H A D I Q U R E S H I He is responsible on account of negligence in performance of his duties. Now customize the name of a clipboard to store your clips. If the auditor is not current with the technical rules, s/he could easily miss something and issue an inappropriate opinion. The personal qualities that are needed for an auditor are as follows: 1. 0 From Embeds. And they must be flexible. LIABILITIES OF AN AUDITOR:- Following are the liabilities of an auditor:-If an auditor is guilty of negligence in the execution of his duty, he may be held liable to make good any damage resulting from that negligence. See our User Agreement and Privacy Policy. auditing is an examination of accounting records undertaken with a view to establish whether they correctly and completely reflect the transactions to which they relate. See our User Agreement and Privacy Policy. b) Integrity. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. An auditor should have... 2. You can change your ad preferences anytime. He should not pass a transaction unless he knows that it is correct. Industry experience. Auditing In Computer Environment Presentation, Audit Process, Audit Procedures, Audit Planning, Auditing, No public clipboards found for this slide. 2. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. See our Privacy Policy and User Agreement for details. Empathy; Empathy is a fundamental quality for every auditor since it generates and maintains good communication. Before the audit begins the auditor must get the attention of all the staff members of the organization. 5 qualities every internal auditor needs – does yours have them? He should not be influenced by any authority. 17. b) a loss or damage as a result of his negligence. 2. Clipping is a handy way to collect important slides you want to go back to later. For the successful auditor, exceptional people skills are a must. Ability to Make Independent Decisions. Become an integrated auditor whose combination of IT and business audit skills will provide the backbone for a unique and prosperous auditing career. The seven attributes of a highly effective internal auditor are: Integrity: Internal auditors must always be honest and fair and exhibit trust, independence and objectivity in all work that they do. The auditor can form an opinion or come to a conclusion only after verifying all the competent evidences collected by him. He must have a complete and thorough knowledge of the accountancy. He should possess the courage to face the difference of opinion between him and client on any issue. Following are the essential qualities of an auditor : 1. L E C T U R E R Personal Qualities or General Qualities: - Besides the professional qualities, an auditor must also have certain personal or general qualities to perform his work efficiently and smoothly. They must be tough and have the ability to push through difficult situations and then work with people in a constructive manner. It should also highlight upon its origin and the person for whom it is being prepared. 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