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.
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From India, Mumbai
thanks for guiding me in such a nice way. i just wanted to know the basic requirements of HR Audit and HR Accounting which a good Hr proffesional must posses to work in a competetive environment.