Which one of the following is NOT correct about the difference between accounting and auditing? Course: PRINCIPLES OF AUD Course Code: BAAC2301 Specialization: Accounting Accounting is usually carried out by an internal employee of the company; but auditing is carried out by an external person or independent agency Accounting starts usually where book-keeping ends; while auditing always starts where accounting ends Accounting covers all transactions, records and statements having financial implications; while auditing mainly covers final financial statements and rec Auditing is carried out on continuous basis with daily recording of financial transactions; while accounting is basically a periodic process which is usuall
Which one of the following is NOT correct about the difference between accounting and auditing? Course: PRINCIPLES OF AUD Course Code: BAAC2301 Specialization: Accounting Accounting is usually carried out by an internal employee of the company; but auditing is carried out by an external person or independent agency Accounting starts usually where book-keeping ends; while auditing always starts where accounting ends Accounting covers all transactions, records and statements having financial implications; while auditing mainly covers final financial statements and rec Auditing is carried out on continuous basis with daily recording of financial transactions; while accounting is basically a periodic process which is usuall
Chapter1: Financial Statements And Business Decisions
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