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Accountants prepare financial statements. Auditors review the work of accountants and render an opinion on the accountants work. Larger companies generally employ their own accountants and hire an auditing firm to review the work of their in-house accountants. There are four, very large, international auditing firms that are known as the "big-four": # PricewaterhouseCoopers # Deloitte Touche Thomatsu # Ernst&Young # KPMG This group was once known as the "Big Eight", and was reduced to the "Big Five" by a series of mergers. Following the Enron scandal in 2002, the Big Five became the Big Four after the near-demise of Arthur-Andersen, who served as Enron's auditor.
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What is meant by auditing?
auditing is a review process,usually of accounting procedures
How auditing begins where accounting ends?
Auditing begins where Accountancy ends.
What is an accounting procedure that begins with an A?
Auditing.
List several differences btwn accounting and auditing?
simply stated; accounting is recording, whereas, auditing is verifying the recorded information
The difference between accounting policies and accounting bases?
The difference between accounting and auditing?"
What has the author Gary Bulmash written?
Gary Bulmash has written: 'Accounting and auditing update workshop' -- subject(s): Accounting, Auditing, Standards
What has the author J F Sherwood written?
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
What is the difference between financial accounting and auditing?
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.
What are some interesting dissertation topics for auditing?
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.
What are similarities 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.
What has the author Edward Stamp written?
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
What has the author Frank Dowler written?
Frank Dowler has written: 'Auditing, Accounting and banking' -- subject(s): Accessible book, Accounting, Auditing, Banks and banking
