TITLE:
Problems and Suggestions after the Merger of Chinese Local Accounting Firms
AUTHORS:
Fanglu Liu
KEYWORDS:
Chinese Accounting Firm, Merger, Audit Quality
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.8 No.4,
April
10,
2018
ABSTRACT: In view
of the fact that Ruihua accounting firm received successive punishment from the
regulatory level in 2016-2017, this paper discusses the reasons for the
repeated punishment of the combined accounting firm from three aspects, namely,
audit quality control system, external market and regulatory environment. In
view of the above problems, this paper analyzes the problems that accounting firms
should pay attention to after the merger from the aspects of corporate culture
and values, internal quality control system, entrusted customer evaluation
system, personnel recruitment and training mechanism, etc. At the same time,
combined with the current regulatory environment, some suggestions are given.