The Influence Of The Reform Of The Accounting Firm On The Audit Quality

The implementation of special general partnership not only promotes the development of accounting firms in China,but also greatly improves its own audit quality.In order to promote the development of Chinese accounting firms,the Ministry of Finance added the special form of general partnership in the "practice license and supervision and management methods of accounting firms" in August 20,2017,which drew the advantages of common partnership and limited liability.Since 2010,with the encouragement of policies,qualified firms have been involved in restructuring.This paper takes 24 accounting firms as the research object,and uses the De Angelo audit model to study the impact of restructuring.The analysis found that the special general partnership has a significant positive impact on the professional competence and audit independence of CPA,but the audit investment,audit quality and audit environment have not shown significant positive effect on the quality of audit.Therefore,this paper holds that the advantages of the firms should continue to be maintained after the reform,namely,to strengthen the construction of the audit team in the field of professional competence,and to strictly control the quality of the auditors in the independence of the audit.At the same time,this paper puts forward some improvements on the negative effects of the reform,namely,the establishment of audit input.The new mode of paying fees,deepening the construction of culture and values in the aspect of audit quality requirements,and perfecting relevant legal systems in the aspect of audit environment.