What is Audit & Account

Question

Accepted Answer

Audit & Account are two separate fields. Audit involves examining financial records while accounting involves recording financial transactions.

Audit involves examining financial records to ensure accuracy and compliance with laws and regulations
Accounting involves recording financial transactions and preparing financial statements
Auditors are responsible for identifying and mitigating financial risks
Accountants are responsible for maintaining financial records and ensuring compliance with accounting standards
Examples of audit and accounting services include financial statement audits, tax audits, and bookkeeping services

What is Audit &amp; Account