To be successful, an auditor should possess certain desirable qualities, besides having his formal qualification. His qualification requires that he should be a qualified chartered accountant. Besides, he should possess the following qualities: –
2. Cautious approach
4. Good temperament
5. Integrity etc.
He should be tactful in doing the job of auditing. Exile doing auditing, he should be cautious. He should have integrity, and independence.
He should posses the knowledge of common business laws. Like mercantile law partnership act, sale of goods act etc.
He should possess a through knowledge of taxation provisions prevalent in the country.
An auditor is required to critically comment upon the financial statements. He should posseâ€™s requisite expert in that field. He should occupy the position of an expert in that field. He should have through knowledge of all accounting principles and procedures. He should also know the ways and means in which the business is being conducted.
By possessing these qualities, he can become a successful and effective auditor.
Naresh Vaid (FCA)