Who is considered to be the client for external auditors in the United Kingdom?

Question

Quizplus · Accepted Answer

In the United Kingdom, external auditors are considered to be hired by the corporate shareholders who have a vested interest in ensuring the accuracy and reliability of the financial statements of the company. While the government may have some regulatory oversight of the auditing process, they are not considered to be the primary client. Similarly, while society as a whole may benefit from the accurate financial reporting of companies, they are not considered to be the direct client of the auditors.

Who Is Considered to Be the Client for External Auditors