The Main Relationship Between Accounting and Auditing
DOI:
https://doi.org/10.51699/ijbde.v2i10.2666Keywords:
accounting, auditing, financial management, financial transactions, financial statements, balance sheet, income statement, cash flow statement, accounting principles, accounting standards, independent examination, assurance, stakeholders, investors, lenders, regulatory authoritiesAbstract
Accounting and auditing are two important components of the financial world that work together to ensure the accuracy, transparency and reliability of financial information. While accounting involves recording, summarizing, and reporting financial transactions, auditing serves as an independent verification process to assess the fairness and appropriateness of financial statements. In this article, we will explore the basic concepts of accounting and auditing, their interrelationship, and their importance in business.
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Published
2023-10-13
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How to Cite
The Main Relationship Between Accounting and Auditing. (2023). International Journal of Business Diplomacy and Economy, 2(10), 4-6. https://doi.org/10.51699/ijbde.v2i10.2666
