A Study On Government Regulation Of The CPAs In China

At the beginning of 21st century, with the exposure of a series of financial frauds committed by some companies such as Enron Company and Communication Company of World, the validity and rationality of the regulation system of American Certified Public Accountant (hereafter "CPA" ) profession which mainly relies on self-regulation is questioned universally. In china, the fiscal fraud cases of some listed companies such as Yinguangxia and Maikete has also caused the public' discontentment to the work of CPAs, so regulating the CPA profession has become an important task which is facing the government.How to build up the mechanism of the power distribution and balance of regulation of the CPAs profession is the starting point and a home of this thesis. Through the evolvement of regulation of the CPA profession of our government and foreign ones, we can detect the venation and the orderliness of the government regulation of the CPA profession. Whether we see from the theory or practice, only do we combine self-regulation with government regulation organically and bring their advantages into full play, can we better promote the CPA profession.This paper makes structural discuss in accordance with the present condition and the problem of regulation of the CPA profession in China, puts forward that in the present phase, our country must build up and perfect the open regulation model that we combines the government regulation with the self- regulation for the CPA profession. This text initiates the governmental regulation mechanism that the public finance section is taken as a dominant, and the related sections of government correspond mutually. China should reform the management system of the CPA firms and the CPAs, supervising and guiding the Institute of CPAs to build up the scientific mechanism of the organization functioning and to work effectively. China should draw up the lowest unify standard of auditing charges of every hour for the auditing personnel of the different class in the whole country. China should establish "the Auditing Charges Oversight Board" in the Ministry of Finance, lay down the system of bid of the financial reports audit of the companies. We should protect the legal rights of the CPAs, and create the good exterior environment for the CPA profession. Along with the development and the perfection of the market-oriented economy in china, the regulation model of the CPA profession will finally be transformed into the independent one.The research achievement of the paper can be helpful for the ongoing improvement on the CPA profession regulation of our country, and it can also be of certain reference value to the research of public administration theories.