Private Accountant

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Private Accountant

An accountant employed by a company and charged with managing the company's own finances. That is, a private accountant does not handle the finances of a client or any other company. A private accountant is the accounting equivalent of an internal auditor. See also: Comptroller.
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Throughout my career--private, public, and teaching--I have believed regulators were supposed to help private accountants and public accountants to make rules that aid comparability but also that help to control fraud.
Big GAAP, Little GAAP
In turn, law enforcement offers assistance with training public and private accountants in fraud detection techniques, current crime trends, and frauds to which certain industry segments remain particularly susceptible.
Investigating assets: The CPA's role in detecting and preventing fraud
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