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Career Advice: Accounting vs. Auditing



Accounting vs. Auditing: An Overview

Accountants and auditors work with a business’ financial statements and ensure they are accurate, up-to-date, and in compliance with various regulatory standards. Accountants prepare these financial statements, which include the balance sheet, income statement, and statement of cash flows.


Beyond this, there are myriad additional duties that an accountant might perform, such as bookkeeping, tracking expenses and revenues, forecasting future profits and cash flows, and tax preparation. An accountant could be a dedicated employee of a company or work for a third party hired by businesses to manage its books and prepare its taxes.


Key Takeaways

  • Financial careers for those with math savvy and a love for numbers may include either accounting or auditing.
  • Accountants are responsible for preparing financial documents, monitoring day-to-day bookkeeping for a firm’s operations, and/or preparing and filing tax forms.
  • Auditors verify the accuracy of financial statements and tax filings and may search for clues as to why some figures don’t quite add up.


Accounting






Auditing




Key Differences




Education




Skills





Starting Salary




Job Outlook




Which One to Choose





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