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Audit Vs Auditing

kamesh (special assistent) (34 Points)

28 June 2019

How could I better appreciate the difference between the words audit and auditing ? or both the words(Audit , Auditing) convey the same meaning ?

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3 Replies

Sravan Reddy G (CA) (618 Points)
Replied 28 June 2019

I thing same meaning

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kamesh (special assistent) (34 Points)
Replied 28 June 2019

what do you think about the words market , marketing? both (market , marketing) convey the same meaning or not ?

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 02 July 2019

Can be used interchangeably,NO difference. Usage of these terms depends on sentence formation.
Example --
1.During the course of AUDIT, statutory auditor must be independent
2.Statutory auditor must ensure his independence while AUDITING the financial statements.
Note-- but there is difference between cost and costing,accountancy and accounting,etc...