USA Advice

[JMGonzalez]

What is the difference between accounting and auditing? For example what is the difference in the work that they do?

 

[bklynboy]

Simple terms: Accounting prepares/maintain the books and compiles the financial data, Auditing reviews and gives an opinion on their accuracy and compliance to accounting standards.

 

[JMGonzalez]

Thank you for your help.