-
December 5, 2022
What is an auditor and compliance officer? And difference between an auditor and a compliance officer
Introduction
Most people do not have a clear understanding of the basic difference between a compliance officer and an auditor of a company. The auditors can audit the practices of compliance officer in order to implement best practices and carry out the responsibility but that is not visa versa. Instead the role of compliance officer is limited to regulatory and operational risk. In this blog, we’ll go through the key distinctions between an auditor and a compliance officer in your company.
Who is the auditor of a company?
Auditors are experts who work for a company to verify that certain rules are being followed legally and ethically. If it is necessary, they advise the company to modify its policies and practises. They may also help identify any future monetary issues that a company might face.
Who is the compliance officer of a company?
A compliance officer is an employee of a company who ensures that the company complies with internal rules and by-laws as well as external legal and regulatory obligations. Their goal is to make sure that a company has internal policies and procedures that are effective in assessing and controlling the risks that it might encounter.
What are the basic differences between an auditor and compliance officer in a company?
|
Sr. No. |
Compliance officer |
Auditor |
|
|
The compliance officer has to be aware of all present, future, and perhaps shifting regulatory legislation. In order to full fill and minimise any risks associated with the company, it is necessary to establish operational policies and procedures. |
The auditor examines how relevant company stick to the established policies and procedures and also evaluates how duties have been completed. Following this evaluation of the policy and procedure, the auditor should ensure that all the practices meet that policy now and in the past. |
|
|
The compliance officer concentrates on legal and other requirements before establishing a suitable policy and practise to be followed both in the present and in the future. |
Like the compliance officer, the auditor examines current practises but also takes a retrospective look to ensure that all actions have been carried out according to established policy and procedure. |
|
|
The role of compliance offices is limited to the operational and regulatory risk to the company. |
The role of an auditor encompasses all of the companies risk rather than being restricted to the operation. |
Summing up
The primary difference between a compliance officer and an auditor is that an auditor will review all internal functions of a company that operates in according to the laws and regulations imposed by the government, whereas a compliance officer is limited to a company’s operational and regulatory risk.
Appointment of Auditors
Easily conduct auditor’s appointment procedure in your company. Get it done through EbizFiling.com
About Ebizfiling -
Reviews
Ashrith Akkana
19 Apr 2022I took import export certificate from the ebizfiling. They have done the work on time.. Thank you for making my import export certificate in time 😊
Jayesh Tejani
28 Aug 2017It is a very professional set up and a really dedicated team. You guys did a great job for my Trademark application in a really short time. All the best to you and your team.
Mukesh Kumar
23 Jan 2019Good work.
December 13, 2025 By Steffy A
Why User Location Matters for OIDAR India? To Start With, User location plays a critical role in how India applies GST to digital services. When a fintech tool or online platform reaches an Indian user, GST law treats the user’s […]
December 13, 2025 By Steffy A
OIDAR for Fintech Tools: Why Payment & Forex Platforms Must Recheck GST Status? Introduction At Ebizfiling, we help businesses understand GST rules in simple language. Many payment gateways now deal with cross-border users and digital service flows. These operating models […]
December 12, 2025 By Dhruvi
Skills every startup consultant must master in 2026 To Start With, Startups move faster than ever. Founders take quick decisions, test new ideas rapidly, and solve challenges on the move. In this fast environment, a startup consultant is expected to […]