What type of auditor is most appropriate for a small independent retailer?
A) outside auditor
B) company audit specialist
C) company department manager
D) team auditor

Question

Quizplus · Accepted Answer

A small independent retailer is likely to have limited resources and expertise in managing financial audits. Therefore, an outside auditor who is independent and has the necessary expertise and experience to conduct the audit is the most appropriate choice for a small independent retailer. The outside auditor can provide an objective assessment of the retailer's financial statements and internal controls, and identify any potential issues or areas for improvement. This can help the retailer to improve its financial reporting and decision-making processes, and enhance its credibility with stakeholders such as investors and creditors. Options B, C, and D are not suitable as they involve using internal resources which may not have the necessary skills or independence to conduct an effective audit.

What Type of Auditor Is Most Appropriate for a Small