Research On Supply Side Structural Reform Of China Audit Market

Since the restoration and reconstruction of the CPA industry in our country more than thirty years ago,along with the trend of reform and opening up,the CPA industry in our country has made remarkable achievements.The service capability of the industry has been continuously expanded,the market scale of the industry has made continuous development,and the coverage of the field of service of the industry has become more and more widespread.However,it is undeniable that there are many areas for improvement in the supply side of CPA industry in our country.For example,the quality of the development of the industry needs to be improved.The single type of CPA business in our country,the large proportion of the auditing business in the industry market,the intense competition in the auditing market and even the vicious competition such as price drop are unfavorable to the long-term development of the CPA industry.The quality needs to be improved.Taking the audit market as an example,from 2010 to 2016,cases of infamous audit failures such as Wanfook Bio-Tech,Green Land,Xindi Land,Tianfeng Energy Saving,Xintai Electric,etc.have been seriously damaged to investors' interests and the credibility of the industry.At the same time,in order to respond to the policy of supply-side structural reform in our country and help our economy to take off,the CPA industry in our country needs to carry out supply-side reform to improve the development quality and service quality of the industry,and continuously expand service areas and innovate service modes to improve the industry effective supply.This article mainly analyzes the problems existing in the supply side of the audit market in our country,and deeply analyzes the reasons behind the problems.Then it tries to put forward a series of perfect solutions to the problems,and ultimately aims to improve the quality of development and quality of CPA.