What is the difference between accounting and auditing?
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The difference betweem accounting and auditing is :-
Accounting is the process of producing financial statements.
Whereas,auditing is the process of forming a professional opinion on the fairness of the financial statements produced by the accounting process.
Accounting is the process of producing financial statements.
Whereas,auditing is the process of forming a professional opinion on the fairness of the financial statements produced by the accounting process.
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