What Is the Difference Between Auditors and Accountants?

 

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Posted: April 10 2014

  NDBS Answer:

The difference between an auditor and an accountant is that auditors conduct an independent assessment of the accuracy and fairness of a company's financial statements prepared by an accountant, while Accountants record financial records to be examined by the auditor. Auditors and accountants work together to ensure compliance. An accountant is from the firm while the auditor is from outside the firm.  By Law aA listed company must be audited and also a Private company especially if the company is selling stake or need funding.

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