simply stated; accounting is recording, whereas, auditing is verifying the recorded information
Says, Bisworanjan Nayak. Lets start with the objective The objective of financial accounting is to prepare accounts, trial balance, financial statements etc The objective of auditing is to express an opinion thereon Auditing starts where accounting ends Auditing is the big brother of accounting Accounting involves more numbers Auditing involves checking these numbers However, more math is involved in accounting Accounting is concerned with details like transactions, account balances etc Auditing gives usually cursory view on accounts Accounting is a routine function Auditing gives an opinion on this function Accounts requires less specialized skills Auditing requires more specilised skills Accounting is usually less remunerative to an individual Auding is usually more remunerative to an individual I think this should help you to understand the job role of an accountant vis-a-vis auditor. In conclusion, Auditing is more interesting, challenging, dynamic, remunerative than accounting in general.
auditing is a review process,usually of accounting procedures
Auditing begins where Accountancy ends.
Accountancy is creatiing figures - auditing is checking them
simply stated; accounting is recording, whereas, auditing is verifying the recorded information
The difference between accounting and auditing?"
The similarities between auditing and accounting is that both are concerned with keeping records of a business. The other similarity is that both ensure that the correct financial statement of a business are prepared.
Says, Bisworanjan Nayak. Lets start with the objective The objective of financial accounting is to prepare accounts, trial balance, financial statements etc The objective of auditing is to express an opinion thereon Auditing starts where accounting ends Auditing is the big brother of accounting Accounting involves more numbers Auditing involves checking these numbers However, more math is involved in accounting Accounting is concerned with details like transactions, account balances etc Auditing gives usually cursory view on accounts Accounting is a routine function Auditing gives an opinion on this function Accounts requires less specialized skills Auditing requires more specilised skills Accounting is usually less remunerative to an individual Auding is usually more remunerative to an individual I think this should help you to understand the job role of an accountant vis-a-vis auditor. In conclusion, Auditing is more interesting, challenging, dynamic, remunerative than accounting in general.
auditing is a review process,usually of accounting procedures
Auditing begins where Accountancy ends.
Accountancy is creatiing figures - auditing is checking them
Auditing.
what are the differences between direct cost and indirect cost in financial accounting
Gary Bulmash has written: 'Accounting and auditing update workshop' -- subject(s): Accounting, Auditing, Standards
J. F. Sherwood has written: 'Public accounting and auditing..' -- subject(s): Accounting, Problems, exercises, Auditing, Commercial law 'College accounting.' -- subject(s): Accessible book, Lending library, Accounting 'Auditing theory and procedure' -- subject(s): Auditing 'Fundamentals of accounting' -- subject(s): Accounting 'College accounting' -- subject(s): Accounting 'Income tax procedure for individuals' -- subject(s): Income tax, Law and legislation, Outlines, syllabi 'Accounting essentials for the secretary' -- subject(s): Accounting
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