What is one difference between an accountant and an auditor?

Accountant work is done on a daily basis where as an Auditor does work on a quarterly or annual basis.

Explanation:

An accountant works for a specific company and an auditor is often hired to check the work of the accountant. Therefore, it makes sense that the auditor works on a quarterly/annual basis because if they had to check an accountant's daily work on a day to day basis it would be extremely tedious.  

As similar as these two occupations are, there are several differences between an accountant and an auditor.

• Accountants are usually employees of the company for which they work, whereas, auditors are often hired from an outside firm to verify the accuracy of the accountant’s work. Although not always the case, an auditor generally has no financial connections to the company.

• The work done by accountants is done on a daily basis, whereas auditors usually perform quarterly or annual accounting work. Auditors are often brought into a company after a specific situation, such as suspected fraud.

• The work performed by accountants is governed by international accounting standards, but auditors’ work is regulated by auditing standards.

• Accountants are generally a requirement for a business; however, hiring an auditor is an option.

• Accountants create financial statements for the company at year-end. These statements create a picture of the financial stability of the company. An auditor will look over the financial statements and determine their accuracy.

• Because accountants work for a specific company, they generally have their own office or workspace. Auditors, on the other hand, often move around from company to company.

Explanation:

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