Question

What's the difference between an accountant and an auditor?

Answer 1

Solution:

An acoonuntant is an employee of a company however an auditior is not an employee of the company rather an auditor is hored from outside firm.

An accountant's work is based on international accounting standards however an auditor's work is based on auditing standards.

An accountant works for a company on a daily basis however an auditor works on periodic basis.

An acountatnt creates the financial statments of a company and an auditor determine the accuracy of these financial statements