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Differentiate Accounting and Auditing?

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Question ajoutée par Visal Joseph , Tax Manager , Al Mizan Tax Consultants L.L.C
Date de publication: 2017/03/08
ايمن محمد عاطف محمد
par ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

When accounting process ends, auditing begins, for the purpose of determining the true and fair picture of books of accounts. It is an activity of record keeping and preparation & presentation of the financial statement. Accounting is used by the firms for keeping a track of their monetary transactions. It is the language the business understands, as it is the tool for reporting financial statement of the business entity.

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