| In recent years,China's economic development has been changing with each passing day,and the requirements for the CPA profession have also been increasing.Although the audit market is constantly growing and the demand is growing,the fierce competition is no match for the past.In today's market environment,accounting firms want to seek development,internal continuous development and perfection,and external mergers and expansions are effective means to enhance market competitiveness.As a result,some accounting firms,especially large-scale accounting firms,have chosen to merge as their own development strategy in order to achieve rapid expansion in a short period of time under the promotion of the "bigger and stronger" policy.Since China's CPA industry was delisted and reformed in 1998,the curtain of the accounting firm's merger wave has officially opened,and many accounting firms have embarked on the road to merger.Among them,RH CPAs is a typical example of the combined forces.After the completion of the merger in May 2013,RH Certified Public Accountants has undoubtedly become China's largest accounting firm in mainland China.It is also highly anticipated and bears major expectations.RH's performance after the merger was indeed obvious to all.The income once surpassed three of the "Big Four" and ranked second,far better than other local firms,ranking first in terms of staff size.However,in recent years,RH has frequently received a punitive notice from regulators,and in 2017 it was directly suspended from accepting new securities business.A series of penalties not only caused the industry's hot debate and thinking,but also sounded the alarm for the development of other accounting firms.This article first elaborates the research background and significance,the main research contents and ideas,and the research methods used in the introduction part.Then in the first chapter,the relevant theoretical basis for the merger of accounting firms is briefly introduced.The first chapter is about the RH accountant's affairs.The merger process will be reviewed,then the related data indicators will be selected to summarize the effect of the RH accounting firm before and after the merger;in the third chapter,the effect of the RH accounting firm merger is analyzed,and it is found that the ability to create income,customer level,audit Problems in quality and other aspects,and through the surface of the data indicators to explore and analyze the causes of deep-seated;Finally,in the fourth chapter,we put forward some suggestions on internal governance,customer structure,human resources and audit quality.In order to achieve a certain degree of practical significance and reference for the merger of accounting firms in the future. |
