Auditing Standards Of The International Coordination Of Research

Research BackgroundEvery country is developing its economy to enhance its competitiveness in the world. Accounting and auditing are more and more important for the development of the international capital market. More and more business entities are involved with either the manufacture or distribution of products around the world. The public accounting profession is being affected by the globalization of business. Most of the major public accounting firms have international operations. The need to deliver many different services worldwide to clients has led to mergers among the major firms. Smaller firms have found it necessary to establish international affiliations or association in order to serve their clients from foreign operations. Issues have also been raised about the diversity of accounting and auditing standards between countries. To deal with this problem, there is a strong movement to establish international accounting and auditing standards. That the fact will result in the international coordination of auditing standards has become unavoidable. However, there are many difficulties because of the diversity of economy, culture and law among countries.Some tentative ideas can be put forward to perfect the CPA Independent Auditing standards of China by discussing auditing standards' coordination since China has been a member of World Trade Organization. Research LogicBased on the above background, the author attempts to touch on this topic——the international coordination of auditing standards.The research begins with the recollection of history of auditing standards. Then Chapter 1 states the understanding of auditing standards' coordination. On the basis of it, the following two chapters focus on the cause and difficulty of the international coordination. Chapter 4 discusses the development of auditing standards of coordination. In Chapter 5, author comes out the feasible way, principles and theory model of the international coordination. At last, Chapter 6 states the strategies that China should take. The question is asked in Chapter 1, analyzed in the following three chapters and settled in the last two chapters. Structure of this ThesisThe whole thesis is divided into six chapters.Chapter 1: The understanding of the international coordination of auditing standards. It begins with recollection of history of auditing standards, which include the generation and the evolution of the General Accepted Auditing Standards (GAAS). This chapter also points out the change of International Standards on Auditing (ISA). Then it states the author's understanding of the international coordination, giving brief introduction and comment on the opinions of scholars on the coordination of auditing standards.Chapter 2: Analyses of reasons for auditing standards coordination. Firstly, the author introduces foreign scholars' analyses of necessity of auditing standards coordination. Then author analyzes the necessity ofauditing standards coordination from four aspects. Auditing standards coordination is very important for the globalization of economy and development of international capital market. Finally, the author analyzes the possibility of auditing standards coordination. The major nature of auditing is technology, which indicates it can be harmonized. Chapter 3: Analyses of obstacles to auditing standards coordination. Firstly, the author introduces foreign scholars' analyses of difficulties of auditing standards coordination. Then the author analyzes that the diversity of economy, politics, culture and law among countries is the basic obstacle to auditing standards coordination. There are other difficulties to prevent auditing from being harmonized. In the end, the author points out these difficulties would be weakened gradually with the development of economy around the world and communication of culture between countries. The trend of harmonization of auditing standards among countries is irresistible.Chapter 4: Comments on current international coordination...