Study On Internal Governance And Control Of Chinese Public Accounting Firms

It is the quite universal phenomena that low quality audit reports of listed companies. Besides the law policies and the supervise mechanisms, the internal governance and control problems of public accounting firms are the direct reasons. There are many problems in internal governance and control of our public accounting firms, such as the unperfected governance structure, the unexecuted internal control mechanism and so on. So, it is important to build up systematic internal governance and control mechanism for resolving the problems of internal governance and control essentially.This paper researches the internal governance and internal control problems of our public accounting firms systematically with combining the theory and case analyses methods. First, it expounds the interrelated theories and the relation between the internal governance and internal control detailed; secondly, it contracts the characters of different development phases of domestics and foreign; thirdly, it analyses the characters of our public accounting firms'internal governance and control and the existed problems nowadays, and then, it analyses the cases of Andersen and Chengdu Shudu public accounting firms in internal governance and internal control respects, proves the conclusions of theory analyses with actual cases, and explains the objectivity and seriously of our public accounting firms'internal governance and control in further; and last, it raises some feasible countermeasures and suggestions for perfecting the limited responsibility public accounting firms'internal governance and control of our country. This research has very important actual meanings and objective necessity of enhancing and enlarging our public accounting firms.