Who are auditors and accountants?

Many times there are people who are confused, they think that auditors and accountants is a single profession.

The truth is, the Auditors and Accountants are two different professionals, in most cases is obtained in one run. And play the charges are as follows:

Auditors are professionals with a bachelor of tertiary (university), which are responsible for reviewing the following financial statements: Balance Sheet, Income Statement, Cash Flow and Statement of Changes in Equity; of several firms in a given period, and then issues a report or opinion to the general meeting of shareholders or owners, of how it has performed accounting and financial statements referred to above are reasonable.

In large companies the audit is mandatory, in others, only when the owner asked to perform a special test to a specific account or all of the financial statements. Auditors are also available that can perform other types of audits: Audit Management, Environmental Audit, Audit of systems and many more.

Moreover accountants are professionals with tertiary degree in accounting area, they are the ones who make the financial statements, to be subsequently reviewed by an auditor.

Also within this area is divided into some types of accounts as detailed below.

Business accounts or generally those used in the business of buying and selling of goods and nonfinancial services. Eg storage of appliances, shoes, clothing, transport companies, security and surveillance, etc..

Accounting costosSe especially true in manufacturing, mining, agriculture and livestock-Examples: factories and workshops, but can also be used in specialized companies or specific services. Examples. Hospitals, electricity and telephone.

GubernamentalSe applies Accounting firms and government agencies. Examples: ministries, state universities, and so on.

FinancieraEste Accounting Banking or type of accounting is used in financial institutions to record deposits and savings accounts, payment of interest, commissions, loan portfolios, remittances, drafts and other banking services. Examples: banks, fund managers, exchanges, credit unions, mutual societies and more.

In summary, the Auditors and Accountants will always have to be linked to their profession and work, to be a good auditor, you must first be a good accountant and prepare constantly changing the laws of your country.