The main purpose of this research is to establish the relationship between public accounting and financial reporting and the role both disciplines play in decision making regarding companies, private entities and individuals in the field of investment and profit/loss earning, thus giving the research question:
What is the relationship between public accounting and financial reporting in the field of company, private or individual investment?
In order to acquire more precise and detailed results of the problem, the following sub-questions will assist in the evaluation:
- What is the relevance of financial reporting in public accounting?
- Are poor investment decisions seen in the past a result of poor financial record keeping?
- What is the effect of improving and standardizing accounting procedures to investment?
- What are the necessary measures that need to be undertaken to improve the public accounting sector?