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audit vs accounting

accounting vs audit

audit and accounting both are nouns.

audit is a verb but accounting is not a verb.

Word NounAdjectiveVerbAdverb
audit Yes No Yes No
accounting Yes No No No
As nouns, accounting is a hypernym of audit; that is, accounting is a word with a broader meaning than audit:
  • audit: an inspection of the accounting procedures and records by a trained accountant or CPA
  • accounting: a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Other hypernyms of audit include accounting system, method of accounting.
audit (noun) accounting (noun)
a methodical examination or review of a condition or situation the occupation of maintaining and auditing records and preparing financial reports for a business
an inspection of the accounting procedures and records by a trained accountant or CPA a system that provides quantitative information about finances
a convincing explanation that reveals basic causes
a statement of recent transactions and the resulting balance
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
audit (verb) accounting (verb)
attend academic courses without getting credit
examine carefully for accuracy with the intent of verification
Difference between audit and accounting

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