What is the difference between Auditing standards and Accounting Standards?

Auditing standards are guidelines that govern the conduct of auditors when examining financial statements, ensuring that audits are performed consistently and with integrity. In contrast, accounting standards provide a framework for preparing and presenting financial statements, ensuring that they are accurate, reliable, and comparable across different entities. While auditing standards focus on the verification of financial information, accounting standards focus on the creation and reporting of that information. Essentially, auditing standards assess compliance with accounting standards.