Public vs. Private Accounting

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Presentation transcript:

Public vs. Private Accounting

Accounting is a major choice for college students today. Many students choose accounting as a major but are not sure which avenue of accounting they would like to travel down. The two main sectors of accounting that one can choose from are public and private accounting Article Source: http://EzineArticles.com/2086846

You can think of public accountants as “external” accountants who provides services to clients such as audit, consulting and tax planning services. Private, or non-public accountants are “internal” accountants who work in a company, non-profit organization or a government agency.

Public Accounting IRS / CRA Earnst & Young PWC KPMG

Private Accountants

Auditing Whether private or public, auditing can be a major task of any accountant Auditing is the examination and testing of the books, records, and procedures of a business. An opinion is then is then given about its financial statements. (How reliable they are, etc..)