Research On The Improvement Of China's CPA Audit Report

Audit report of certified public accountant is the most direct communication tool between enterprises and investors which play an important role in the capital market.However,public companies,financial fraud incidents that cause the damage of shareholders' rights occurred frequently in many years,leads to lose audit report,s functions of certification,and also cause a bad influence to auditing industry.So the foreign standard setters led by British Financial Reporting Council and International Board of standards for auditing and authentication started and completed the reform of audit report one after another over several years.Our country,s Treasury passed new auditing standards issued which are the same as the International Auditing Standards on its general content in December 2016.Until now,there are still some limitations in the practical application of the new audit report,which include not only the short comings that have already existed before the reform,but also the new problems after the reform.In order to further improve the current audit report of Certified Public Accountant,it is necessary to research its improvement.This paper takes the audit report of Certified Public Accountant as the research object.First,this paper explains the relevant theoretical basis,combines the laws of its development and explain the reasons and analyze its present situation.Secondly,it divides the limitations of the current new audit report in operation into surface and deep problems based on level,analyzes and summarizes the reasons for different levels of problems.On the basis of the international reform experience of the British audit report,it detailedly introduces the reform background,international comparison and reform effect of the British audit report,and puts forward enlightenments for improving the future audit report of Certified Public Accountant in China.Then in full consideration of the current situation in advance,it points out the improvement should pay attention to needs of report users,strengthen the communication effectiveness of audit reports,use the thought of performance auditing and continue to keep convergence with international standards.In addition,this paper improves the surface problem according to the content,format,expression,language understanding and function of audit report and the deep problem according to business undertaking mode and regulations related to the risk of fraud.Last,the paper lists a improved audit report and Stands on the different aspects between certified public accountants and users,respectively puts forward problems which should be paid attention to in application,thereby making full use of the value of the audit report.