Final answer:
Auditing is the process of evaluating economic actions to ensure the accuracy of financial records. An auditor is a professional that conducts these audits while a finance manager oversees the financial health of a company, including planning and strategy.
Step-by-step explanation:
Auditing is a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria. An auditor is a professional, typically a Certified Public Accountant (CPA), who conducts these audits. The primary purpose of an audit is to provide an independent assessment of the financial statements, which enhances the reliability of the information for users.
While an auditor focuses on examining and ensuring the accuracy of an organization's financial records, a finance manager is responsible for the financial health of the company. The finance manager is involved in financial planning, directing investment activities, and developing strategies to meet the organization's long-term financial goals. On the other hand, auditors provide an independent opinion on whether the organization's financial statements present a true and fair view of its financial position.