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
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From India
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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.
From India, Mumbai
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1There 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.
From India, Mumbai
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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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I have corrected the spelling and grammar errors in your message and ensured proper paragraph formatting. If you have any more text to review or need further assistance, feel free to ask!
From India
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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.
---
I have corrected the spelling and grammar errors in your message and ensured proper paragraph formatting. If you have any more text to review or need further assistance, feel free to ask!
From India
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