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ACCOUNTANTS VS AUDITORS : What differs them?

Written by : Amartya Krisna Permana

Designed by : Silvia Santa

Accounting and auditing draw from the same talent pool and, for the most part, require similar skill sets, but there is a subtle difference in which accounting needs someone who is more detailed-oriented and focused compared to auditing. Auditing needs someone with more analyzing skills, to analyze the work done by the accountant. Auditors are like The Detective for a company financial report.

Both Accounting and Auditing have their own standard, for accounting, it is called the International Financial Reporting Standard (IFRS) and managed by the International Accounting Standards Board (IASB). Indonesia has its own Accounting standard called PSAK, based on IFRS. Auditing standards are called International Standards on Auditing (ISA), managed by the International Auditing and Assurance Standards Board (IAASB).

Auditors and Accountants usually take another professional degree such as CPA (Certified Public Accountant), CIA (Certified Internal Auditors), and much more that relates to their work. CPAs are required for both Accountants and Auditors if they want to be an external party in their line of work. In total there are over 15 professional degrees for Auditors and Accountants. So, prepare yourself for higher education after graduation. Because this professional degree will improve your chances of getting a job and bump your knowledge on certain aspects.

In conclusion, for those of you college students that are enrolled in accounting, you can decide whether to be an accountant or auditors or even both. It’s your choice to make but always remember your responsibility towards those numbers.

References:

https://www.topaccountingdegrees.org/faq/what-is-the-difference-between-an-accountant-and-an-auditor/#:~:text=Accountants%20are%20usually%20employees%20of,accuracy%20of%20the%20accountant’s%20work.&text=The%20work%20done%20by%20accountants,quarterly%20or%20annual%20accounting%20work.

https://accountantsaccelerator.com/34-professional-certifications-accounting-tax-audit/

https://www.simandhareducation.com/blog/post-do-internal-auditors-need-a-cpa-.php

https://www.investopedia.com/articles/professionals/120215/financial-auditor-career-path-qualifications.asp