This paper studies the nature of CPAs＇ audit activities based on neo-institutional economics. CPA auditing is not only a kind of technical activity serving for particular parties, but also systems arrangement for coo...This paper studies the nature of CPAs＇ audit activities based on neo-institutional economics. CPA auditing is not only a kind of technical activity serving for particular parties, but also systems arrangement for coordinate interests conflict in the capital market. The common belief in the elimination and prevention of fraud is the foundation of CPA audit system. Professional auditors and audit organizations possess skills and positions matching the stock market. The incentive of audit fees and the binding force of audit liabilities both guarantee the self-implementation of audit system. Audit reports signal the fairness of accounting information in simplified forms. CPA audit system also has inherent contradictions. The CPA audit activities should be viewed from a system perspective in order that ideas for the perfection of audit activities can be raised from system construction perspective.展开更多
The Chinese Institute of Certified Public Accountants(CICPA) issued revised Professional Ethic Code(PEC) in October 2009 to tighten the existing ethical requirements in wake of the global financial crisis in 2008.The ...The Chinese Institute of Certified Public Accountants(CICPA) issued revised Professional Ethic Code(PEC) in October 2009 to tighten the existing ethical requirements in wake of the global financial crisis in 2008.The recent revision of the Code is emphasized on harmonizing with international standards in terms of basic principles and essential procedures.Compared to China,U.S.has established a relatively comprehensive system of professional ethics standards and wedged it in to the accounting curriculum.This paper analyses the differences of code of professional ethics between China and U.S.in order to find some elements,which are helpful to the development of Chinese Professional Ethic Code as well as the Certified Public Accountant(CPA) profession.展开更多
文摘This paper studies the nature of CPAs＇ audit activities based on neo-institutional economics. CPA auditing is not only a kind of technical activity serving for particular parties, but also systems arrangement for coordinate interests conflict in the capital market. The common belief in the elimination and prevention of fraud is the foundation of CPA audit system. Professional auditors and audit organizations possess skills and positions matching the stock market. The incentive of audit fees and the binding force of audit liabilities both guarantee the self-implementation of audit system. Audit reports signal the fairness of accounting information in simplified forms. CPA audit system also has inherent contradictions. The CPA audit activities should be viewed from a system perspective in order that ideas for the perfection of audit activities can be raised from system construction perspective.
文摘The Chinese Institute of Certified Public Accountants(CICPA) issued revised Professional Ethic Code(PEC) in October 2009 to tighten the existing ethical requirements in wake of the global financial crisis in 2008.The recent revision of the Code is emphasized on harmonizing with international standards in terms of basic principles and essential procedures.Compared to China,U.S.has established a relatively comprehensive system of professional ethics standards and wedged it in to the accounting curriculum.This paper analyses the differences of code of professional ethics between China and U.S.in order to find some elements,which are helpful to the development of Chinese Professional Ethic Code as well as the Certified Public Accountant(CPA) profession.
