What is the difference between a financial auditor and a compliance auditor?

What is the difference between a financial auditor and a compliance auditor Introduction: The World of Auditing Hello everyone, and welcome to today's video. When it comes to ensuring transparency, accuracy, and adherence to regulations, auditors play a crucial role. They are the gatekeepers who assess and validate financial records, internal controls, and compliance frameworks. In this vast field, two roles stand out - financial auditors and compliance auditors. While their objectives align in many ways, their approaches and areas of expertise differ significantly. Financial Auditors: The Guardians of Financial Integrity Financial auditors primarily focus on an organization's financial statements. Their core responsibility is to examine these statements, ensuring they accurately represent the financial health and performance of the entity. They meticulously review transactions, account balances, and supporting documentation. By doing so, they not only verify the accuracy of the numbers but also assess the organization's adherence to accounting standards and applicable laws. This is crucial for maintaining the integrity of financial information, which is vital for decision-making by stakeholders, such as investors, lenders, and regulators. Compliance Auditors: Navigating the Regulatory Landscape