Tare YoudeoweiA professor of Financial Accounting, Onofowokan Oluyombo, has kicked against the proposed dichotomy between auditing and taxation which are key areas of the accounting profession. He said, “Auditing and taxation are key areas of accounting. The decision to separate taxation and auditing from the accounting profession is not an enviable one. “Those who teach these subjects and other areas of accounting, such as costing and management accounting, are academics. He said, “In financial accounting, there is the need to follow a chronological order in the recording of transactions and presentation of financial reports.

Source: Punch February 12, 2019 01:27 UTC