auditoriai

Auditoriai are professionals who perform audits to determine whether financial statements are fairly presented and whether organizations comply with laws, regulations, and internal policies. They provide independent assurance to owners, investors, regulators, and other stakeholders about the accuracy of information and the effectiveness of governance processes. The term is commonly used in Lithuanian to denote both external and internal auditors.

External auditors evaluate financial statements prepared by management and issue an audit opinion that reflects their assessment of fairness and reliability. Internal auditors work inside organizations to assess risk management, internal controls, and governance processes, and they typically report findings to the audit committee or board of directors. Other specialized forms include IT auditors, compliance auditors, and operational auditors, each focusing on different aspects of an organization’s activities.

Audit work follows a structured process. It usually begins with planning and risk assessment, followed by evidence gathering through testing and sampling, evaluation of controls, and the formation of conclusions. In external audits, the resulting opinion can be unqualified (clean), qualified, adverse, or a disclaimer. Internal audits produce recommendations designed to improve processes and reduce risk.

Auditors adhere to professional standards such as International Standards on Auditing or country-specific GAAS, and internal auditors follow standards from the Institute of Internal Auditors. Independence and objectivity are core ethical requirements. Qualifications typically include advanced education in accounting or finance and professional credentials such as CPA, CA, or ACCA, with ongoing continuing education. Auditors work in public accounting firms, corporations, government agencies, and non-profit organizations.

Auditoriai thus play a central role in financial transparency, accountability, and risk management, contributing to informed decision-making and governance across sectors. In many jurisdictions, statutory audits are required for certain entities.