Comparative Study On The Development Of The Accounting Profession Between China And America

Since the 1990 s, China has been doing the international community work in the field of accounting and auditing. We may have obtained the certain effect from the surface. We have the enterprise accounting standards and auditing standards in line with the international standards. We have our own accounting professional bodies. And we also have a full range of accounting and auditing professional education mechanism which is advantageous to the accounting personnel growth. However, in the real world, the practitioners in the field of accounting in America make more contribution than the practitioners in China.For the accountants in our country can really play its due value, this paper has done the comparative study on the development of the accounting profession between China and America. At first, this paper expounds the development process of the private accountant, the public accountant and the accounting education in China. Then expounding the development process of the private accountant, the public accountant and the accounting education in America. Secondly, doing a comparison and analysis so that we can find out the reason why there is a huge gap between the accounting practitioners in our country and the accounting practitioners in America. The reason is that due to the historical circumstances, our country could not provide a stable environment for the development of accounting in the past time; the application effect of management accounting in enterprise of our country is not ideal; the business of accounting firm is based on audit service; the moral hazard and the legal risk of the CPA firms in our country are low; the accounting education system in our country has some problems. At last, according to the analysis results, this paper proposes a series of specific improvement measures. Including taking measures so that the management accounting can have a better development; strengthening the awareness of law of public and improving the relevant laws of accounting; improving the auditing standards and raising the quality of auditors; improving the accounting education system and the continuing education system of our country.