Research On The Professional Ethics Of CPA Under The New Code Of Professional Ethics

On December 18,2020,the Chinese Association of Certified Public Accountants comprehensively revised the Code of Ethics of Certified Public Accountants(2009)and the Code of Ethics of Non-practicing Members of Certified Public Accountants(2009)of the Chinese Association of Certified Public Accountants(2009).The purpose of this revision are to improve the professional ethics level of certified public accountants and strengthen the integrity consciousness of certified public accountants,so as to further standardize the professional ethics of domestic certified public accountants.However,in recent years,there have been a series of financial fraud and audit collusion cases,which have brought great impacts to the CPA industry.The audit failure of some certified public accountants reflects the lack of professional ethics of certified public accountants in China,which has seriously affected the social image of certified public accountants.The reputation of CPA is constantly declining,which has also negatively affected the social credibility of the whole industry.Therefore,how to further strengthen the construction of the professional ethics of the CPA is of great significance to the development of the CPA industry.The research object of this paper is the professional ethics of certified public accountants,based on the newly revised code of professional ethics as the starting point,in order to provide a small contribution to the construction of professional ethics of certified public accountants in China.First,it introduces and analyzes the basic theory and institutional background of CPA professional ethics.Then,combined with the questionnaire survey,the current situation of the professional ethics of certified public accountants in China is analyzed.The results show that although the mainstream of the professional ethics of certified public accountants in China is healthy,there is still an imbalance of professional ethics.Then,from the two dimensions of the internal environment dimension of accounting firms and the external supervision dimension of the industry,the reasons for the lack of professional ethics of certified public accountants in China are deeply analyzed.Through the case analysis of BDO China Shu Lun Pan CPA,combined with the requirements of the new code,we analyze the situation and effect of the professional ethics control of BDO China Shu Lun Pan CPA.Finally,this paper puts forward the countermeasures to improve the professional ethics level of CPA.An accounting firm should establish a sound internal quality control system of an accounting firm,implement the incentive mechanism to enhance the "quality first" and weaken the concept of "interest first",establish a perfect talent management system,and establish a highly unified integrated management system.The government should also guide healthy competition in the market,improve the industry regulatory system,strengthen the intensity of punishment imposed by regulatory agencies and establish an incentive mechanism.