We've type of accounting system includes developing the income statement, balance sheet, and statement of cash flows for external users?

Auditing refers to the examination and verification of a company's financial statements and accounting records by an independent party. While auditors may use financial statements produced by financial accounting, auditing itself does not involve the preparation of these statements but rather assesses their accuracy and compliance.

Tax accounting focuses primarily on preparing tax returns and planning for tax obligations according to tax laws and regulations. It emphasizes compliance with tax systems rather than the creation of general-purpose financial statements for external users, differentiating it from financial accounting.

Managerial accounting is concerned with providing internal management with detailed financial and operational information for decision-making purposes. Unlike financial accounting, its reports, such as budgets and performance evaluations, are not intended for external users and do not include the standard financial statements.