What is public accounting? Public accounting can be viewed as firms of accountants that serve clients such as businesses (retailers, manufacturers, service companies, etc.), individuals, nonprofits and governments. The services provided by public accounting firms will vary by the size and the expertise of the firm. Here are some of the public accounting services: 1  preparation, review, and auditing of the clients' financial statements. 2  tax work including the preparation of income tax returns, and estate and tax planning. 3  consulting and advice involving accounting systems, mergers and acquisitions, and much more.
The Bureau of Labor was established in the Department of the Interior by the Bureau of Labor Act (23 Stat. 60), June 27, 1884, to collect information about employment and labor. It became an independent (sub-Cabinet) department by the Department of Labor Act (25 Stat. 182), June 13, 1888. It was incorporated, as the Bureau of Labor, into the Department of Commerce and Labor by the Department of Commerce Act (32 Stat. 827), February 14, 1903. Finally, it was transferred to the Department of Labor in 1913 where it resides today.
What Is the Bureau of Labor Statistics? The Bureau of Labor Statistics (BLS) is the premier research arm of the Department of Labor. It collects, analyzes and reports on a wide range of employment, unemployment and price statistics. These reports are critical aids to taking the pulse of the U.S. economy.