Accounting & Actuary Science: Accountant Career

: A Look at Accounting Careers

To distinguish between public and private accounting is to think of public accountant as "external" accountant and private accountant as "internal" accountant. If the work is done strictly for a specific company, it is considered private accounting. If it is done to satisfy regulatory requirements for transparency, it is public accounting.

Organization that establishes standards of accounting and financial reporting for U.S. state and local governments.

Organization in private sector for establishing standards of financial accounting that govern the preparation of financial reports by non-governmental entities.

Non-profit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors and further public interest in preparation of informative, accurate and independent audit reports.

State Board of Public Accountancy qualifies and regulates individuals seeking licensure to practice as a certified public accountant and firms that offer public accounting services.