public company accounting

Public company accounting involves the processes and standards used by companies listed on stock exchanges to accurately record, report, and verify their financial activities. It ensures transparency and accuracy so investors, regulators, and the public can assess the company's financial health. This includes preparing financial statements like the balance sheet and income statement, following established rules (such as GAAP or IFRS), conducting audits for credibility, and maintaining internal controls. The goal is to provide a truthful view of the company’s financial position, enabling informed investment and business decisions.