Running Policies Of Accounting Firms In China

With the development of technology and the quickness of the global economy, the adjustment of economic structure has supplied a potential market for the accounting firms. Since 1980s, the accounting in China plays an essential role in both social economic construction and stock market. During the period, a lot of problems appeared. The case in point is "the Zheng Baiwen" which had a bad effect on the quality and honor of accounting firms. In order to protect the investor, the regulations at the end of 2001 had been made. That is, the company in stocking must employ accountants both from national and foreign accounting firms, who will do some checking about their accounting tables. Foreign investment have entered the national market and shared a big part of market in China, which effected the national companies. Therefore, it is a key problem for the accountants how to work objectively, independently and fairly.We must learn from advanced foreign experience and technology in order to fast the growth of our CPA field. In the meantime, we have to train many accountants who will be familiar with our country policy in all the research and analogy about our accountant business will be significant for China to beyond the world. And to draw up managing policy of CAP firms in the modern times is necessary. The content of this paper is arranged as followed.In the first part, the significance of developing our CPA firms.two presents analogy of our CPA firms. In this part, a detail description about current system. Professional limits and internal managing system have been given. An urgent question about CPA firms must be solved in order to quicken the development. The third part the important part of this paper will discuss the running policy of CPA firms under the new economic circumstance. If the accountants in China want to go abroad and compete with international CPA firms, we must take some measures to change our organization, widen the scale and strengthen the setup of internal managing system; the fourth part, the last part, the future of the CPA firms. After Chinese WTO entry, it goes without saying that the market of accountants will open too. With getting advanced experience from other countries, the CPA firms in China should develop themselves and take the challenge.