Statutory auditor

Statutory Auditor refers to

• The external certified public accountant, i.e. external auditors, in most countries. He is an external service supplier; in charge of certifying the Financial Statements according to specific professional auditing standards (e.g. ACCA, ACA, INTOSAI standards)

The most used external audit standards are the US GAAP of the American Institute of Certified Public Accountants; and the International Standards on Auditing (ISA) developed by the International Auditing and Assurance Standards Board of the International Federation of Accountants.

• Statutory auditor in Japanese corporations, an elected official alongside the Board of the company. For instance in big Japanese corporations, he/they assume the role of the Audit Committee .