Historically, accounting has been associated with meticulous number-crunching, bookkeeping, and financial statement preparation, all the processes predominantly paper-based.
For the unversed, accounting and auditing are part of the same process: finance. To some extent, we can give them the benefit of the doubt, but not before ensuring that there is stress put on the fact that “they are quite distinct in the roles they play.”
We are in the midst of a digital age, and technological advancements have transformed every walk of our lives.
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