Business Accounting and Bookkeeping

How auditing begins where accounting ends?

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2012-03-21 09:38:53
2012-03-21 09:38:53

Auditing begins where Accountancy ends.

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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.

accounting can be divided into branches whereby auditing is in only one Field

auditing is a review process,usually of accounting procedures

The difference between accounting and auditing?"

simply stated; accounting is recording, whereas, auditing is verifying the recorded information

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

Auditing investigates account details, bookkeeping methods, procedures, and practices. If any irregularities or suspicious situations are noted an investigation may be recommended.

Interesting dissertation topics for auditing can be difficult to come up with without broadening the topic to accounting as well. One topic could be just auditing itself. Others could be accounting methods, online accounting, and bookkeeping.

Lawrence Lee Vance has written: 'Accounting' -- subject(s): Accounting 'Theory and technique of cost accounting' -- subject(s): Cost accounting 'Principles of auditing' -- subject(s): Auditing

Edward Stamp has written: 'Inflation Accounting' 'Selected papers on accounting, auditing, and professional problems' -- subject(s): Accounting, Auditing 'Edward Stamp--later papers' -- subject(s): Accounting

Frank Dowler has written: 'Auditing, Accounting and banking' -- subject(s): Accessible book, Accounting, Auditing, Banks and banking

J. Donald Warren has written: 'Handbook of Accounting and Auditing' 'Continuous auditing' -- subject(s): Auditing, Internal, Internal Auditing

International accounting and auditing expert

Management accounting starts where financial accounting ends

Accounting is the management of all moneys in a company. Auditing is when all accounting practices are looked over with a fine tooth comb. Many companies will have an annual audit each year.

financial accounting, costing, management accounting, 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.

Statistics are used in auditing. Auditing a large company with millions of transactions would be impossible. So auditors pull a statistical sample to determine if accounting records are correct.

Joe Gregory Bushong has written: 'Accounting and auditing of small businesses' -- subject(s): Small business, Financial statements, Standards, Auditing, Accounting

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Venita M. Wood has written: 'Auditing governmental financial statements' -- subject(s): Accounting, Auditing, Financial Accounting Foundation, Financial Accounting Foundation. Governmental Accounting Standards Board, Local finance, Public Finance, Standards, States

Leslie G. Campbell has written: 'Accounting for goodwill' -- subject(s): Goodwill (in business, etc.), Accounting 'International auditing' -- subject(s): Auditing, Standards

D. Edward Martin has written: 'Attorney's handbook of accounting, auditing, and financial reporting' -- subject(s): Accounting, Auditing, Financial statements, Handbooks, manuals

The word impromptu begins with i and ends with u.


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