Comparative Study Of China-Foreign Fraud Auditing Standards

From the very beginning of this century, the auditing circle has being faced the great pressure from the public because of the frequent exposure of big corporation fraud issues. As the response to the situation, many countries have promulgated one after the other their new auditing standards on fraud which have many theoretic breakthroughs compared with the old versions. Meanwhile, as the response to the accusation of the public, the countries have promoted the international convergence of the new standards and even under this tendency, the unique characteristics of the new standards have not been discarded. What are the new theoretic trends of world's fraud auditing standards? What are the newest results of international convergence of world's fraud auditing standards? How do the standards of various countries maintain their unique characteristics in line with the need to development of national economies? To answer these questions, this paper, trying to start from the fraud related theories and end with the author's suggestions to China's fraud auditing development, pays much attention to the comparison of the establishment backgrounds, principles, legal liabilities and technical matters of China-foreign of China-foreign fraud auditing standards at the angle of legal comparison.This paper mainly uses comparative analysis method and demonstration analysis method to study the Chinese and foreign fraud auditing standards from the angle of legal analysis.Besides the foreword, this paper mainly consists of four parts.Part one is the discussion of relevant concepts and theories. It mainly introduces the fraud related theories and fraud auditing and fraud auditing standards related theories.Part two is the main part of this paper with the title of comparison of China-foreign fraud auditing standards. It processes with the comparison of five parts, that is, framework of the standards, establishment and legal status of the standards, law-making purpose of the standards, auditing principles, auditing legal liabilities. Through the above comparative analysis, the paper tries to find the advantages of foreign standards and the shortcomings of the Chinese standard for the purpose of further improvement.Part three are the suggestions to further improve our country's fraud auditing systems. This part is mainly divided into three parts: the improvement of fraud auditing standards, the improvement of fraud auditing accompanying systems and the improvement of fraud auditing special programs.Part four is the conclusion part which mainly tells the comparison conclusions and the limitations and difficulties during the study.