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Public vs. Private Accounting
Distinction Between Public Accounting and Private Accounting
To distinguish between public and private accounting is to think of public accountants as "external" accountants and private accountants as "internal" accountants. If the work is being performed strictly for the benefit of a specific company, it is considered private accounting. If it is is done to satisfy regulatory requirements for transparency, then it is public accounting.
American Accounting Association
AAA promotes accounting education, research and practice.
American Institute of CPAs
National organization for public accounting professionals.
Financial Accounting Standards Board
Organization in private sector for establishing standards of financial accounting that govern the preparation of financial reports by non-governmental entities.
Governmental Accounting Standards Board
The independent organization that establishes and improves standards of accounting and financial reporting for U.S. state and local governments.
Public Company Accounting Oversight Board
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.
Maryland Board of Public Accountancy
State Board of Public Accountancy qualifies, licenses and regulates individuals seeking licensure to practice as a certified public accountant and firms that offer public accounting services.
CCBC offers Associate of Arts (AA) and Associate of Applied Science (AAS) degrees in Accounting.