Business, 18.03.2020 03:18 marissarsmith8205

What is one difference between an accountant and an auditor?

Answers: 2

Show answers

Answers

Answer from: leslcookie23

Accountant work is done on a daily basis where as an Auditor does work on a quarterly or annual basis.

Explanation:

An accountant works for a specific company and an auditor is often hired to check the work of the accountant. Therefore, it makes sense that the auditor works on a quarterly/annual basis because if they had to check an accountant's daily work on a day to day basis it would be extremely tedious.

Answer from: tahiyazaman1493

As similar as these two occupations are, there are several differences between an accountant and an auditor.

• Accountants are usually employees of the company for which they work, whereas, auditors are often hired from an outside firm to verify the accuracy of the accountant’s work. Although not always the case, an auditor generally has no financial connections to the company.

• The work done by accountants is done on a daily basis, whereas auditors usually perform quarterly or annual accounting work. Auditors are often brought into a company after a specific situation, such as suspected fraud.

• The work performed by accountants is governed by international accounting standards, but auditors’ work is regulated by auditing standards.

• Accountants are generally a requirement for a business; however, hiring an auditor is an option.

• Accountants create financial statements for the company at year-end. These statements create a picture of the financial stability of the company. An auditor will look over the financial statements and determine their accuracy.

• Because accountants work for a specific company, they generally have their own office or workspace. Auditors, on the other hand, often move around from company to company.

Explanation:

Answer from: Quest

answer: b 56, 250

explanation:

Answer from: Quest

$2.00 for three shots.

Other questions on the subject: Business

Business, 21.06.2019 21:30, alecnewman2002

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

Answers: 1

continue

Business, 22.06.2019 00:50, BARRION1981

Hanna intends to give her granddaughter, melodee, her antique hat pin. this heirloom has been kept under lock and key in the wall vault in the library of hanna's house in virginia. the hat pin is currently the only item in the vault. when hanna is visiting melodee in connecticut, hanna gives melodee the only key to the vault. melodee is grateful for the present and excitedly accepts. in this situation has there been a completed gift?

Answers: 3

continue

Business, 22.06.2019 08:30, hartzpeyton136

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors

Answers: 2

continue

Business, 22.06.2019 14:20, nataliaalejandradasi

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?