Public accounting involves a business that offers accounting services to other companies and firms. Public accountant offers accounting expertise, tax services, and auditing to their clients. It also includes giving outsourced services for the accounting functions such as doing auditing and financial statements for their clients.
Public accounting is different from private accounting as these individuals and firms are not solely employed by a single client and are not a direct part of any client’s firm or corporate company. Conversely, private companies and accountants work for a single business company or entity for which they are offering the accounting service.