Comparison of truncation error of finite-difference and finite-volume formulations of convection terms

Judging by errors in the computational-fluid-dynamics literature in recent years, it is not generally well understood that (above first-order) there are significant differences in spatial truncation error between formulations of convection involving a finite-difference approximation of the first derivative, on the one hand, and a finite-volume model of flux differences across a control-volume cell, on the other. The difference between the two formulations involves a second-order truncation-error term (proportional to the third-derivative of the convected variable). Hence, for example, a third (or higher) order finite-difference approximation for the first-derivative convection term is only second-order accurate when written in conservative control-volume form as a finite-volume formulation, and vice versa.