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Partner Of Accounting Firm Human Capital Research

Posted on:2004-07-06Degree:MasterType:Thesis
Country:ChinaCandidate:Y YangFull Text:PDF
GTID:2206360122467082Subject:Accounting
Abstract/Summary:PDF Full Text Request
At present, the academic discussion about human capital of accountant firms is little. However, accountant firms are the intellectual service agency. The most important assets of accountant firms are human capital and quality. Whether the human capital can be efficiently used affects audit quality and audit risk directly. Whether the human capital can be efficiently used also decide the destiny of financial capital and the future of accountant firms. Therefore, the rational arrangement of residual claim and residual rights of control can not only prevent the opportunism, shirking of human and telling lies during the auditing process, but also prevent the abuse of financial capital.This article is divided into three chapters. In the first chapter, I will discuss the relation between human capital and financial capital of the partnership accountant firms. That is, the owners of financial capital have residual claim and residual rights of ultimate control. The owners of human capital have residual claim and residual rights of control, but they have no rights of ultimate control. In the second chapter, I will discuss the relation between existence, development of the partnership accountant firms and human capital. That is, why the owners of human capital have residual claim and residual rights of control. In the third chapter, I will discuss the arrangement of residual claim of the owners of human capital. That is, how the owners of human capital gain the residual of the accountant firms.The key innovation in this article is: firstly, from difference between the makers and takers of audit risk, we can get to know the different use of human capital and financial capital of accountant firms. Then, we can define the arrangement of residual claim and residual rights of control. Secondly, I discuss the necessity of the owners of human capital having residual claim and residual rights of control in detail from audit quality, firm's credit, firm's competitiveness, firm's scale and so on. Based on the two discussions above, I discuss the ways by which the owners of human capital have residual claim.
Keywords/Search Tags:Accountant firm, Human capital, Financial capital, Residual claim, Residual rights of control
PDF Full Text Request
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