| As a global issue, the regulation of CPA Profession has drawn great attention among governments, societies and theoretical study institutes and how to strengthen such monitoring measures become focal and urgent in terms of constantly emerged financial scandals and failures in relevant auditing cases in recent years. It has been indicated on the 16th plenary session of Chinese Communist Party that a social credit system in line with modern market-oriented economics should be established and enhanced, and some explicit requirements has been proposed to structure the monitoring and correcting system of intermediary agencies including accounting firms on the third meeting of the above session, subsequently the standardization of development with regard to the said intermediary organizations been reiterated on the fifth meeting that concluded recently.In the said paper, starting from summarizing and analyzing of prevalent issues on the practice of undertaking regulation in CPA profession as a whole on the basis of studying international and domestic experiences and replication of achievement of the related theoretical study on this subject, disaggregated proposals are made on establishment of an appropriate monitoring system in Heilongjiang Province as follows:Firstly, an introduction has been given for the background, objective and prevailing situation of international and domestic research on this topic. Secondly, the achievement of relevant research, regarding to the definition of such regulation, relevant theoretical frame of governance, systematic economics and fundamental principle that should be followed in forging monitoring model in CPA profession, has been set forth. Thirdly, a further study and analysis has been attempted on current situation and outstanding issues existed in Heilongjiang Province at aspects of legislation, governmental regulation and self-discipline. Fourthly, the practical model to facilitate establishment of the monitoring system... |
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