Research On Auditing Efficiency Of Pan-china Certified Public Accountants

In recent years,China's certified public accountant industry has made great progress.As of December 31,2019,there were more than 8000 accounting firms in China,and the industry competition has become increasingly fierce.Compared with the "big four" international accounting firms,the overall level of audit efficiency of domestic accounting firms is low and the gap is large.As the purest local accounting firm in China,Pan-China certified public accountants have always been in a state of low audit efficiency.Although it ranks among the top three in China,its low audit efficiency restricts the development of the enterprise.If Pan-China certified public accountants want to improve the competitiveness of the industry and shorten the gap with the top firms in the industry,it is necessary to ensure the audit quality and improve the audit efficiency.Aiming at the problem of audit efficiency of Pan-China certified public accountants,this paper constructed DEA-BCC model to evaluate the audit efficiency of the firm from the level of firm and audit project,constructed TOBIT model to conduct empirical test on influencing factors of audit efficiency,analyzed the reasons for low audit efficiency,and put forward corresponding management Suggestions.The research conclusion is as follows: The audit efficiency of firms increased from 0.609 in 2016 to 0.783 in 2018,showing an increasing trend,but still at a low level.The organizational scale of the firm,professional and technical level of the firm practitioners and educational background are significantly positively correlated to the audit efficiency.There is a significant negative correlation between the proportion of firm partners and audit efficiency.Through analysis,it is found that the possible reasons for the low audit efficiency of Pan-China certified public accountants include: the gap between the audit efficiency of the general office and the branch office is too large;The audit business process is insufficient;Human resource management is insufficient;Office information construction is not complete.It is suggested to promote the integrated construction of the headquarters,improve the auditing business process,enhance the level of human resource management and accelerate the informatization construction of the headquarters.The paper has 11 diagrams,15 tables and 77 references.