Auditors are financial professionals who review business records for accuracy and honesty They are primarily employed by businesses or independent organizations to perform internal and external audits There are Financial Auditors and Forensic Auditors Financial auditors perform either internal or external audits Internal auditors follow guidelines set by the Institute of Internal Auditors IIA to objectively evaluate financial activities They maintain impartiality and independence through a customized chain-of-command reporting system This means that they typically report directly to the board of directors, not management Conversely, external auditors are employed by private firms or government agencies They not only audi.