Hi can Somebody guide me in depth that to what extent in HR Financial Audit And Financial Accounting is different? Thanks & Regards S.A. Shahzad
From India
From India
Hello Sheikh,
There is a simple distinction between Accounting and Audit.
Accounting means proper recording of monetory transactions and Audit means examination of Accounts.
In HR parlance this would necessarily mean accounting of transactions involving employee salaries, employee training and such other expenditure depending on the company policy. Audit would be examination of such records.
trust this helps.
In case of more queries please feel free to write to me @
regds
Kamal Virani
Chartered Accountant
Mumbai.
From India, Mumbai
1There is a simple distinction between Accounting and Audit.
Accounting means proper recording of monetory transactions and Audit means examination of Accounts.
In HR parlance this would necessarily mean accounting of transactions involving employee salaries, employee training and such other expenditure depending on the company policy. Audit would be examination of such records.
trust this helps.
In case of more queries please feel free to write to me @
regds
Kamal Virani
Chartered Accountant
Mumbai.
From India, Mumbai
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