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Accountancy is creatiing figures - auditing is checking them
AnswerThe word audit has two meanings. The first is the security audit, whereby a consulting firm comes in and validates a companies security profile. This is similar to how accounting firms review a company's books. The second term is infosec specific, and means an "auditing" subsystem that monitors actions within the system. For example, it may keep a record of everyone who logs onto a system. Such a record is known as an audit trail.
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.
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The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.
Accountancy is creatiing figures - auditing is checking them
what difference between residential and commercial load calculations
difference between non bank and commercial bank?
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The difference between the two areas is in the terminology that is used. For instance, an interior designer who works on commercial buildings.
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Canada has a democratic government, whereas China has a communist government.
geoger
They are the same i suppose
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