久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Make me your Homepage
left corner left corner
China Daily Website

China's accounting industry matures with challenges

Updated: 2013-10-30 10:48
( Xinhua)

BEIJING -- China's certified public accounting industry has grown to be worth over 50 billion yuan since the sector was re-established in the 1980s.

Significant regulatory developments have accompanied its rapid progress. One regulatory step China has taken ahead of Europe and the United States is mandatory rotation of auditing firms.

The idea of forcing companies to change bookkeepers gained momentum after the 2008 global financial crisis. Taxpayers were furious that some banks were given a clean bill of health but later rescued using public cash.

The Europe Union moved closer earlier this month to put mandatory rotation into practice, Reuters reported.

In the US, the House of Representatives Financial Services Committee passed a bill in July that would block mandatory rotation after the Public Company Accounting Oversight Board (PCAOB), an auditor watchdog, debated the measure.

China's Ministry of Finance put in place mandatory rotation of auditors in 2010 for large State-owned financial institutions, among which three of the four biggest Chinese banks selected new auditors last year.

Proponents said the measure could enhance independence by keeping auditors from becoming too cozy with corporate management.

While not addressing particular cases in China, Kenneth Chatelain, partner in public policy and regulatory affairs for PricewaterhouseCoopers International, said mandatory auditor rotation is generally not the best idea.

"Most countries that adopt or propose to adopt mandatory rotation do so for some combination of two reasons, either to enhance auditor independence, or to try and spread work to develop more accounting firms. And in countries that have it, there is no evidence that it does either," Chatelain said.

"Moreover, mandatory audit rotation will likely cause considerable disruption and additional cost to companies as well as audit firms. Management, audit committees and auditors will need to commit significant time and resources to proposals, diverting their attention away from the more important activities that drive quality reporting and audits," Chatelain added.

Contrary to comments that the state-imposed transition might weaken the Big Four's China operations, Chatelain said that will not be the case.

"As the Chinese accounting profession becomes more mature, it's now possible for China to move towards a model that most countries have had all along, which is mostly local ownership of the accounting and auditing firms," Chatelain said.

For those accounting firms serving Chinese companies listed overseas, there is regulatory limbo between Chinese and American regulators, as US regulators demand to see the firms' auditing papers of US-listed companies, and firms are prohibited from sharing the documents under Chinese laws.

The two countries have been trying to find a solution, with the PCAOB signing a memorandum with Chinese regulators in May. But a deal involving the US Securities and Exchange Commission, which has standing lawsuits against the Big Four and BDO, has yet to be reached.

Part of the problem is the pressure on the regulators themselves within their respective governments, Chatelain said.

Auditors have lobbied hard for both sides to find a solution, he said, adding that both governments need to work through their differences.

 
8.03K
 
...
主站蜘蛛池模板: 亚洲精品98久久久久久中文字幕 | 日本国产精品 | 午夜啪啪福利视频 | 亚洲 中文 欧美 日韩 在线人 | 成 人 黄 色 免费播放 | 99精品视频免费在线观看 | 国产杨幂福利在线视频观看 | 久久久久久免费视频 | 国产成人精品高清不卡在线 | 午夜黄色福利视频 | 亚洲一区二区三区首页 | 国产精品久久久久久亚洲伦理 | a毛片a毛片a视频 | 免费看国产精品久久久久 | 日本一道免费一区二区三区 | 欧美刺激午夜性久久久久久久 | 亚洲国产成人久久综合一 | 手机免费看毛片 | 日韩一品在线播放视频一品免费 | 久久久99精品免费观看 | 亚洲香蕉久久一区二区 | 国产精品99久久久久久宅男 | 国产成人综合网亚洲欧美在线 | 免费网站看v片在线香蕉 | 美女扒开腿让男人桶 | 欧美一级毛片欧美一级成人毛片 | 国产精品成人久久久 | 欧美在线不卡 | 深爱激情五月网 | 奇米影视7777久久精品 | 亚洲一级片免费看 | 美女一级免费毛片 | 欧美成网站 | 妖精www成人动漫在线观看 | 亚洲欧美日韩另类在线 | 午夜香蕉网 | 欧美一级毛片欧美一级成人毛片 | 久久久久久全国免费观看 | 国内自拍第1页 | 色一伦一情一区二区三区 | 日韩性大片免费 |