05 June 2014
because auditor sniffs the truth and fairness of the books of accounts to be audited.....just like a watchdog.... say for example...a dog is reared by the bungalow owner.... what it does is BARK....it has to BARK i.e. a sort of whistle blower.... once dog barks...it is for the bungalow owner to take the further action..... Auditor, likewise, reports....the action is to be taken by the shareholders.....