A Research Of Synergy Outcomes Of Grant Thornton

The certified public accountant industry of China was restored in the 1980 s and has experienced a series of rapid developments,but with the reason for a started rather late and the weak in the basic research,the level of CPA's industry development is not as good as that of the West,and it cannot meet the requirements of high-quality economic and social development.In order to promote the development of CPA industry,enhance the competitiveness of local firms in our country,the Chinese institute of CPA put forward the strategy of "bigger and stronger" to encourage local accounting firms to expand scale and improve service quality.Merger is an important way in which a company can scale up and improve their competitiveness in short time.In the policy,our country has set off a new wave of mergers.However,accounting firms' merger will affect many aspects.After the merger,many accounting firms have expanded their scale,but whether their audit quality is promoted,whether the gap between local accounting firms and international "big four" is narrowing,these questions are all worth studying.Based on this,this article taking the Grant Thornton accounting firm merger in 2012 as the example,taking the way of case study,combining the data of listed companies,the ranking information of the top 100 Chinese accounting firms and other information of the CPA industry,this paper studies the results of the merger of Grant Thornton from the perspectives of accounting firms,investors and the market.Firstly,reviews the relevant research results of accounting firms at home and abroad;second,we selects the mergers of Grant Thornton as the research object,review two accounting firms merger process and analyze the development before and after the merger;third,analyses the change of the date before and after the merger by some relevant indicators,including revenue of accounting firms,customer structure,audit quality and industrial status analysis four aspects,and make a comparison with the audit quality of international "big four".After detailed case study of the mergers of Grant Thornton,through the analysis of several aspects of change,this paper has drawn the conclusions as below.The merger of Kyoto Grant Thornton Certified Public Accountants has produced certain synergistic effect.Not only has the firm's level of income scale increased,the number of CPAs has steadily growth,but the firm's cumulative ranking are just now making breakthroughs.However,it is undeniable that in the early days of the merger in 2012,the merger effect was not satisfactory.The core resources of the firm,including CPAs and customer resources were lost,and the audit fees were reduced.Therefore,the merger of Grant Thornton need to be further deepened and implemented.According to the problems existing in the merging process,the paper gives some advice: establish a realistic system of human resource,optimizing customer's resources,attach importance to control the auditing quality and integrate culture resources,to provide references for our country accounting firm become "bigger and stronger".