Differences between accountant and auditors for a company.

[saoussen5765]

Sometimes, there is always a confusion over what the particular roles of an auditor could be in an organisation. In fact, some people assume that since they are finance related, they have the same roles.

However, the roles of accountants are quite different from auditors in a business organisation. The accounting role is to keep records of financial activities in the business. And the role of auditing is to check the recorded financials for irregularities.

That automatically means that the auditors depend on the information presented by the accounting department as source information to work. These roles cannot be duplicated as trying to make one person serve the same purpose would compromise the complete essence of the entire process.

 

[Ramolak19]

I think to assist firms in making wise decisions, accountants are in charge of keeping track of finances, creating financial statements, and evaluating financial data. They also offer assistance for compliance and tax planning.

In contrast, auditors conduct an impartial examination of financial statements and internal controls to guarantee precision, adherence to legal and regulatory requirements, and conformity with accounting principles.

While auditors are often outside experts engaged to offer an objective evaluation of the company's financial health, accountants are employed by the company.