Understanding the Key Differences Between HR Financial Audit and Financial Accounting: Can You Help?

Hi,

Can somebody guide me in-depth on the differences between HR Financial Audit and Financial Accounting?

Thanks & Regards,
S.A. Shahzad

Hello Sheikh,

There is a simple distinction between Accounting and Audit. Accounting means the proper recording of monetary transactions, while Audit means the examination of accounts. In HR parlance, this would necessarily mean accounting for transactions involving employee salaries, employee training, and other expenditures depending on the company policy. Audit would involve the examination of such records.

I trust this information helps. If you have any more queries, please feel free to write to me at kamal_chartered@yahoo.co.uk.

Regards,
Kamal Virani
Chartered Accountant
Mumbai.

Hello Kamal,

Thank you for guiding me in such a nice way. I just wanted to know the basic requirements of HR Audit and HR Accounting that a good HR professional must possess to work in a competitive environment.

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