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The independent auditor's work is directly under the audit committee's control under the Sarbanes-Oxley Act of 2002.

Who is ultimately in charge of the external auditor's independence?

All audit and non-audit services must receive prior approval from the audit committee under Sarbanes-Oxley regulations.

Who judges the independence of auditors?

Additionally, a clause ensuring the impartiality of auditors who provide reports on financial statements presented to the Securities and Exchange Commission (SEC) was passed.

What exactly falls under the purview of the external, independent auditor?

The financial information of a corporation is examined by an outside auditor, who then reports their findings. The external auditor's duties include examining corporate operations, reporting findings, and making recommendations while looking for fraud and inaccuracies in financial accounts.

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