Difference between Auditing and Accounting from the Financial Perspective

Back to a simple query, what exactly is the main difference between auditing and accounting from a financial perspective?

A brief answer is: Accounting is often a procedure of preparing the works. Auditing is often a method of scrutinizing and evaluating  of the work prepared.

To paraphrase, accountants are in charged of the day-to-day tasks of maintaining the accounts &  implementing the board financial strategy, if any. By the end of the period, accountant would create Financial Statement, an overview report of the financial performance through the entire period. In contrast to, auditor execute a check on the accuracy of the financial statements, to make sure that there is no materials misstatement in the financial statement that prepared with.


See Also:

• Accounting Basics
• Accounting Definition
• Introduction to Auditing 
• What is a Financial Auditing