auditors

Auditors are examiners of company accounts. Auditors must be appointed by public companies. Membership of a recognised supervisory body is required by a person to audit company accounts.

As auditors play an important part in the administration of companies, and companies' accountability to shareholders, special provisions in respect to auditors are included in the Companies Acts.

Usage: The auditors were appoint pursuant to audit the accounts of the company.

Related Words: company audit; public company; Companies Act 1985 UK; Companies Acts; private company; limited company.