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Accounting vs Auditing - What's the difference?

accounting | auditing |

As verbs the difference between accounting and auditing

is that accounting is while auditing is .

As nouns the difference between accounting and auditing

is that accounting is (accounting) the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization while auditing is the act or result of performing an audit.

accounting

English

Verb

(head)

    • Noun

    (wikipedia accounting) (-)
  • (accounting) The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
  • A relaying of events; justification of actions.
    • He was required to give a thorough accounting of his time.

    Derived terms

    * creative accounting

    auditing

    English

    Verb

    (head)

    • Noun

    (en noun)
  • The act or result of performing an audit.
  • * 2010 , Larry McMurtry, Duane's Depressed (page 22)
    • He didn't mind Karla auditing courses — in fact, he encouraged it — but he did mind having to audit her auditings , particularly when he had a hangover.