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The Role of the External Auditor in Corporate Governance
The external auditor has long played an important role in the corporate governance function. However, before we begin our analysis on how the external auditor plays this role and its importance, we must first examine the responsibilities and duties of such an auditor. Similarly, we need to clearly define what corporate governance is before we discuss in detail the role that auditors play in it.
1. Introduction
1.1 The External Auditor
External auditors are employees of a public accounting firm which has been engaged to conduct the audit of a particular company's financial statements (audit client). The external auditor's responsibility is to provide assurance to the general public regarding the truth and fairness of the information presented in the audit client's financial statements.
Since the public relies heavily upon an audit opinion published by a public accounting firm to make investment decisions, it is imperative......

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Approximate Word Count: 2606
Approximate Pages: 11 (250 words per double-spaced page)

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