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23 December 2005 6 Comments
This statement is correct that the auditor is a watchdog and not a bloodhound. To understand the meaning of this statement we must know what is the difference between a watchdog and a bloodhound. A watchdog keeps a strict vigil on the house of the owner and the does not allow any outsider to enter the house or take away anything form it. It makes noise in case it sees any trouble and informs the owner about it. A bloodhound on the other hand, is a violent dog which catch holds any person who so ever enters his territory. It bites the person who trespasses his domain. It can even kill a person. The position of the auditor is same as that of a watchdog and not of bloodhound. He has to watch the activities and the business transactions very carefully. In case of any unwanted situation. The remedial action has to come from the owner of the entity. He has to discharge his responsibility by informing about the irregularity found in the audit. Naresh Vaid (ACA)


  • Madhur said:

    Respected Sir

    All our fellow Chartered Accountants are aware of the fact that auditor is not a blood hound. they have been reading it from their Intermediate level. We would appreciate if more current affairs related articles are being posted on this site which invite a lot of discussion. We do not intend to provide study material over here to all the professionals.

  • Anik said:

    thank you sir for your utmost sharing of this document .The information has satisfied me from all the sides

  • RICHARD said:


  • Burhan said:

    Very Nice and thanks.

  • Tazin said:

    In recent years, the redrafting of ISA 240 has made clear that the auditor’s role is no longer “watchdog” and is much more “bloodhound”. In the next few years, auditors may be expected to report on a company’s internal controls (as they already do in the US under SOX)….. So I think there is some shortage in writing !

  • Y Dauda Banganje said:

    Sir. what about dog features that are inborn, wont it be compared to other animal. considering audit duty internationaly.

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