auditor

Austral, US and Canadian a registered student who attends a class that is not an official part of his course of study, without actively participating it

Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Auditor

an individual who is admitted to all academic activities at an institute of higher learning and also to state examinations (after passing all tests and course examinations) but who does not have the rights and privileges granted to students. The institution of auditing existed in pre-revolutionary Russian universities. In the early years of Soviet power, all persons 16 or over were permitted to attend classes at an institution of higher learning as auditors. As the state systems of evening and correspondence education were organized in the USSR, the status of auditor was abolished.

In institutions of higher learning of some socialist countries, such as Poland, taking examinations as an extern after having audited classes is permitted.

In the institutions of higher learning of many capitalist countries there is a system of free attendance to classes which allows students to work in order to be able to pay the high tuition, dormitory rates, and other expenses. In several countries, such as Great Britain, there are special university divisions for student auditors.

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References in periodicals archive

Professional judgment should be used to determine whether the group auditor is able to rely on the component auditor's work.

How to manage risks related to multijurisdictional group audits: audits of U.S. companies increasingly require accountants to manage the challenges and risks of dealing with multiple foreign jurisdictions

Professional skepticism, which assures that an auditor maintains independence, consists of making an independent determination of how the same transactions should be recorded in the company's records.

Working with auditors: tips and traps

Participants were asked to respond, on a scale from 1 (disagree) to 10 (agree), whether they had experienced variation in IT auditor competence.

How do financial statement auditors and IT auditors work together?

But SOX mandates have modified the relationship between external auditors, firms, and firm managers.

Should congress mandate audit firm rotation?

The Institute of Chartered Accountants of England and Wales (ICAEW) comment letter calls for a "fundamental change in implementation approach," stating, "the crux of the issue is that management should not be remade in the image of the regulators and auditors ...

Regulators taking open approach to 404 changes

Organizational independence does mean that if decisions are made that the Naval Audit Service considers to be inappropriate or unfair, the auditor general can challenge them with the secretary and under secretary of the Navy--and has done so successfully on occasion.

Just how independent are internal auditors in DoN? The Naval Audit Service

For more tips on preparing for a third-party audit, including getting to know your auditor, visit www.RecyclingToday.com.

Audit prep 101: an electronics recycling company provides suggestions for preparing for a third-party audit

SAS 104 replaces the above with "while exercising due professional care, the auditor must plan and perform the audit to obtain sufficient appropriate evidence so that audit risk will be limited to a low level...." (emphasis added).

Assessing risk: AICPA's new risk assessment standards present a sea change for auditors

The PCAOB modified proposed rules it issued in December 2004 to require auditors seeking preapproval to instead provide audit committees a description of the proposed services, rather than the actual engagement letters.

Tax work by auditors

There remain many other hotly contested legal issues on the EU Commission's list, including audit committee requirements, auditor independence, loans to directors and executive officers, certification of financial reports, and certification of internal control systems.

Preventing European "Enronitis": how European regulators are handling the spillover effects of Sarbanes-Oxley

Oates and Goelzer's views and demonstrate that Congress intended not to reject, but to adopt, the definitional guidance set forth in the SEC's 2000 auditor independence rule--including the rule's definitional exceptions for tax services.

The Sarbanes-Oxley Act of 2002 does not prohibit auditors from offering tax services to audit clients