Management accounting, on the other hand, aids internal decision-making by providing financial analysis, budgeting, and cost management insights. Tax accounting ensures compliance with tax laws by preparing accurate tax returns and planning for tax liabilities, while auditing involves verifying financial statements to ensure their accuracy and compliance with accounting standards. https://connect.garmin.com/modern/profile/16e88395-538f-4d0e-a118-22a899c7b4d2