Re: How Financial Audit Is Different From Financial Accounti

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

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 @ [Login to view]
regds
Kamal Virani
Chartered Accountant
Mumbai.

Hello Kamal
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.