Who does an external auditor report to?

External auditors are independent of the organisation they are auditing. They report to the company’s shareholders. They provide their experienced opinion on the truthfulness of the company’s financial statements and perform work on a test basis to monitor systems in place.Click to see full answer. In respect to this, what is the role of an external auditor who does the auditor report to in a publicly traded firm company?The auditor directly reports to audit committee in a publicly traded firm/company. CEO is also responsible for day-to-day management of the company. CEO directly reports to the board of directors in a publicly traded firm/company.Secondly, can external auditor perform internal audit? The external auditor can use internal auditors who may have relevant expertise in particular areas, and. The external audit team can focus on the more significant audit issues. Correspondingly, what are the roles and responsibilities of an external auditor? External auditors are responsible for auditing the company’s financial statements and providing reasonable assurance that they are presented fairly and in conformity with GAAP and that they reflect true representation of the company’s financial position and results of operations.What is the difference between an external and internal audit?Internal auditors will examine issues related to company business practices and risks, while external auditors examine the financial records and issue an opinion regarding the financial statements of the company. Internal audits are conducted throughout the year, while external auditors conduct a single annual audit.