QUALITIES OF AN AUDITOR

QUALITIES OF AN AUDITOR

According to Okereke (2009: 9), the qualities or characteristics required of an auditor are:

i. Integrity:

This is a skill of dealing with people so as to prevent hurting or offending them unjustly. By being tactful, an auditors can obtain more information and explanation.

ii. Independence:

Before an auditors can give an unbiased opinion, he has to be independent of all the parties involved in the account he is examine.

iii. Competence:

He must be able to perform his work in accordance with the generally accepted best practice and procedures of the day. The knowledge of accounting and auditing standard are inevitable.

iv. Inquisitiveness:

An auditor has a broad and inquiring mind in order to be prepared to ask and for the information and explanation that he or she needs.

AUDITORS RIGHT

According to the provisions of the companies Act 1990 provides the auditor with the following rights:

i. Right to access all the whole books, records and vouchers of the company.

ii. A right to attend all general meeting held during his tenure of office.

iii. Whereby there is a proposed resolution to remove the auditors or appoint another auditors, the company act gives the auditors to be removed a right to demand that those members who receives the initial notice of proposing to remove him and who are entitled to attend and vote at the meeting.

iv. Under the rules of common law, it would appear that the auditors has a right of lien over his report where the company fails to discharge his full obligation.