Accounting and auditing are closely related but serve different purposes. Accounting involves the systematic recording, analyzing, and reporting of financial transactions for a business. It's the process that ensures a company's financial statements accurately reflect its operations and financial position.

Auditing, on the other hand, is the examination and verification of those financial statements by an independent third party. The goal of auditing is to ensure that the financial records are accurate and comply with accounting standards and regulations. While accounting focuses on the day-to-day financial activities, auditing provides an objective assessment, offering credibility and confidence to stakeholders about the accuracy of the financial information.

In essence, accounting is about creating financial records, while auditing is about validating those records. Together, they ensure transparency and trust in a company's financial health.

Shortly it can be said that "Auditing is the process of verifying accounts".

Both are the branch of commerce and can be studied and practiced at a professional level individually.

Audit is the review and verification of books of accounts so maintained by the organisation keeping in mind the Standards of Auditing (SA). In India the Standards of Auditing are formulated and amended by Auditing Assurance Standard Boards (AASB)

Accounting on the other hand is the process of recording data and information through proper vouchers and document in the books of accounts to ascertain the current financial position of the organization and for other stake holders as well. Principles of Accounting Standards are followed which are formulated and implemented by ICAI

There is a far difference between auditing and accounting. however, they both come under the study of commerce.

Audit