https://www.taxtmi.com/article/detailed?id=13433 Auditors must comprehensively examine financial records to ensure a true and fair view, verify legal compliance with applicable statutes and accounting standards, detect and investigate errors and fraud, and provide an independent opinion for stakeholders. They must maintain confidentiality and, when material fraud or non-compliance is found, report such findings to relevant regulatory authorities. Operational challenges-regulatory complexity, management pressure, limited resources, and inadequate fraud-detection tools-affect auditors' ability to fulfil these duties. en-us Thu, 30 Jan 2025 10:16:37 +0530 Thu, 30 Jan 2025 10:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13433 Auditors must comprehensively examine financial records to ensure a true and fair view, verify legal compliance with applicable statutes and accounting standards, detect and investigate errors and fraud, and provide an independent opinion for stakeholders. They must maintain confidentiality and, when material fraud or non-compliance is found, report such findings to relevant regulatory authorities. Operational challenges-regulatory complexity, management pressure, limited resources, and inadequate fraud-detection tools-affect auditors' ability to fulfil these duties. Articles Accounting - Auditing Thu, 30 Jan 2025 10:16:37 +0530 https://www.taxtmi.com/article/detailed?id=13433