Lesson: Bookkeeping and auditing Bookkeeping

Key Differences
Accounting and auditing draw from the same talent pool and, for the most part, require similar skill sets. However, subtle differences exist. Accounting requires a person who is more detail-oriented and focused. Small mistakes can cost millions, particularly for large companies dealing with massive sums of money. As an accountant, it reflects poorly on you when an auditor comes in behind you and discovers errors. Auditors must value attention to detail, but they also need strong investigative skills.
In addition to capturing honest mistakes, a good auditor is called upon to detect subterfuge, fraud, and intentional misstatements. The companies that perpetrate such chicanery are generally good at hiding it, which is why preternatural detective skills are so valuable for an auditor.
Education
Expect to complete at least a bachelor's degree to put yourself in an auspicious position to succeed in accounting or auditing. While neither career imposes across-the-board educational standards, and both professions employ successful people who did not graduate college, these people are the exception, not the rule.
Most high-level accountants and auditors, at some point, take and pass the Certified Public Accountant (CPA) exam.