Register now or log in to join your professional community.
Agree with the opinion of Mr.Faraz Shiwani
For the successs of the profession:
To become an accountant there should be one auditor in him.
To become an auditor there should be an accountant in him.
Accountant
To know the difference between an auditor and an accountant, you need to have some clarity about both positions. The responsibility of an accountant is to maintain and record the financial transactions of an individual, of a company, or business. They are essentially the financial record keepers.
Records are kept through upkeep of charge statements, balance sheets, income statements, and cash flow and equity statements. All this information is meant to provide individuals, companies, or businesses with a comprehensive financial overview of their funds so that executives can make solid decisions based on the financial information.
There is a common saying, and that is, “an auditor’s work begins where an accountant’s ends.” Think of an auditor as the second phase of analyzing the company’s funds. An auditor will essentially review every single transaction that the accountant reports. They evaluate, verify, and review the company’s accounts.
In addition to these duties, an auditor may also perform risk analysis and appraisal based on accounting standards and principles. Questioning what is an accountant and confusion the position with that of an auditor occurs because their duties go hand-in-hand. To operate effectively, one needs the other.
There are also a number of significant differences between the two positions:
Overall, the question of what is an accountant is hopefully much easier to understand now that the basics are before you. Both positions are excellent to have, however each one has specific job duties that are mutually exclusive to the other.
I am well answered thank you very much.
I think to become a professional auditor auditor has to become an accountant. because when any auditor works an accountant he or she may find errors and omitions,mistakes, fradulant activities very easily.
A good accountant can become a good auditor so if some one has strong grip on ACCOUNTANCY like good knowledge of IFRS and accounting concepts he or she can than apply their knowledge appropriately while applying audit procedures.
AN ACCOUNTANT IS NOT AN AUDITOR
No, Is can never. If this the case then there no Independence of auditor and may include window dressing, manipulation of statement.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.