China's CPA Industry Regulatory System And Its Reference To Laos

Since the implementation of the policy of reform and opening to the outside world in 1986, Laos has opened its doors; Actively cooperate with other countries in the world. With the continuous development of the market economy and the deepening of exchanges and cooperation with other countries in Laos, Laos has made great progress in economic and political culture, especially in accounting, has made a milestone progress. After the support and assistance of the French government and the World Bank in 1989, Laos has developed rapidly in the accounting profession, great progress has been made. Because the accounting profession in Laos has been strongly supported by the French government, so in essence, there are many similar places in the Lao accounting profession and the French accounting profession, the problems existing in the accounting profession in France still exist in the Lao accounting profession. In order to reduce and prevent the production and increase of these problems, reduce the losses caused by the financial sector in Laos,2007 and 2008 Laos relevant departments to amend the "accounting law" and the "Audit Law" part of the content. In order to meet the requirements and development of domestic financial industry and economic environment, but because of the relatively short development time, and there are obvious traces of French Accounting content, Laos has not yet formed a complete system of accounting standards and auditing standards, in laws and regulations, the lack of a sound accounting and auditing supervision system, which led to the development of the CPA industry in Laos is slow, there are many problems.Under such background and trend, the reform and development of the regulatory system of the CPA industry in Laos has become the main content of the future development of the accounting and auditing in Laos. Because China is a neighbor of Laos, and belong to the socialist country, therefore, the two countries in the national conditions and development of the road there are many similar places, and the development of China's CPA industry is also a long time, many experiences and lessons are also drawn in the development process, these experience for the current stage and the future development of the CPA industry regulatory system in Laos, there is also a great reference. Therefore, this paper adopts the method of literature induction, multi subject synthesis and data analysis, through the research on the supervision mechanism of Chinese certified public accountants, learn from China's CPA industry supervision can learn from the experience, so as to put forward the enlightenment to the development of the CPA profession regulation mechanism in Laos, promoting the orderly development of the CPA profession in Laos.Firstly, this paper analyzes the status quo, characteristics and advantages of the CPA profession in China, on this basis, through the comparison and analysis, the paper concludes that the development of the regulatory system of Chinese CPA profession and the reference to Laos, and according to the status quo of the development of the CPA industry in Laos and the existing problems, formulate corresponding policies and suggestions, promoting the reform and improvement of the regulatory system of the CPA profession in Laos, and further promote the development of the Lao accounting and auditing, as well as the whole financial market and the economic market in the whole of Laos. The research of this paper mainly includes the following six parts:The first part is the introduction part. Mainly introduces the background and significance of the research, and the current status of the research Chinese and other relevant national scholars were collated and analyzed, and put forward the shortcomings of the current research and the innovation of this paper;The second part is the theoretical foundation of the thesis mainly introduces the CPA supervision system and relevant theories, including the principal-agent theory and the CPA industry regulation theory and principal-agent relationship, the concept and characteristics, the concept of regulation, on the basis of the summary of supervision system and supervision mode;The third part is based on the history of China's CPA industry regulatory system, summed up the development experience of China's CPA industry regulatory system for many years, and can be used for reference in the extraction of experience;In the fourth part, the author gives the current situation of the supervision system of the CPA profession in Laos and the experience of China. Based on the current situation of the supervision and development of the CPA industry in Laos, the author puts forward the experience that China should draw lessons from;The fifth part gives the countermeasures to perfect the Lao supervision system of CPA, such as accounting and auditing standards, auditing quality supervision, improve the legal system of CPA access mechanism and improve the mechanism of punishment of violations.The sixth part is the conclusion.Research results show that, China CPA profession regulation from the new China disappeared after the establishment to re development after the reform and opening up, all the way along the regulatory system, the mechanism continues to regulate, formed government based, industry self-regulation as a supplement to the regulatory system, and combined with the changes in the domestic audit environment, the drafting of the new audit guidelines, in the international convergence of the guiding ideology of a series of planned, there are steps to revise the guidelines, can use legal weapons to improve audit quality. After decades of exploration. China has formed a more perfect operation mechanism of the accounting information market, under the common function of financial intermediaries, accounting standards, auditing standards, disclosure norms and legal norms, in order to achieve the regulatory objectives of the CPA profession. China's certified public accountants in the national unified examination can make more outstanding talent to enter the ranks of certified public accountants, in the punishment of violations also has a set of more perfect legal system; all of these can be used as reference for the development of the CPA industry in Laos. It is worth noting that Laos in the reference to the development experience of his country, in accordance with the needs of their own development and the basic national conditions, according to local conditions, select the appropriate regulatory model of the CPA industry, to explore a way to combine the political and economic system in our country, to the maximum extent, promote the standardization of the supervision of the certified public accountants industry and the steady development of the accounting profession.