Excerpt from Advanced Accounting Accountancy Versus Accounting; Auditing. - Account ancy is a profession having to do with the recording, Verification and presentation of facts, involving the acquisition, production, conservation and transfer of values. It comprehends the con duct of audits, examinations, and investigations; devising and installing systems; criticizing organizations and management; and in some cases efficiency work. Accounting is the science which treats of the systematic record, compilation and presentation in a comprehensive manner of the financial operations of a business. Auditing is the art of verifying the work done in recording, compiling, and presenting the facts concerned with business transactions, to the end that all possible information concerning the value and potentialities of the reviewed business may be presented correctly in the form of two basic statements, with their accompanying comment. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.