Study On Improvement Of Certified Public Accountants' Audit Report

Certified public accountants' audit,which is also named as civil audit,is an significant component of capital market supervision.Audit report is a major medium,by which auditors can communicate with readers.Financial statement audit report issued by certified public accountant is not only a tool for information users to identify the quality of financial information and to understand the information in financial reports,but also a certified documents to maintenance auditors' own interests.Recently,China's certified public accountants' audit has many contradictions.Specifically,information users expect to get more information from audit reports to response the increasingly complex external environment.However,in order to evade the responsibility,auditors are committed to endow the audit reports as little information as possible.Therefore,the contradiction is intensified between the information provided in the audit reports and the information required by the users.In other words,China's current audit report has been unable to meet the users' information needs in the complex external environment.To sum up,improving the mode of the current audit report is of great importance.At the same time,International Auditing and Assurance Standards Board(IAASB)formally issued a new international audit reporting standard in January 2015,and provided that the new audit report model is applicable to the audit of the financial statements on and after December 15,2016.The results of this reform and its audit ideology have an outline of the improvement of China's audit report.For the purpose of achieving international convergence,it is critical for China's accountancy profession to improve domestic audit reports.Based on this international background,this dissertation strives to build an audit report model which is in line with China's national conditions and is acting on international standards.As early as the 1830 s,the audit report began to become the focus of theorists and academics.However,the domestic study of audit reports is still stuck on the introduction of guidelines or systems and mainly focused on the development process or a branch of the problem of audit reports.Meanwhile,researches on the convergence are mostly from international norms to domestic norms.There is little study involved the specific application of the international norms,such as audit report content and structure of the adjustment,the clarity of responsibility and functional changes.Firstly,this dissertation set the function of the audit reports as the logical startingpoint,through the function of audit reports reflects its current shortcomings and analyzes the changing rules of audit reports from its function's changing.Secondly,this dissertation presents the latest international audit reporting standards' review concerning backgrounds,processes and contents of the review.Meanwhile,it evaluates and analyses the results of this reform from many aspects.Then,this dissertation discusses the deficiencies of the domestic audit reports and analyzes the causes of the deficiencies from the four aspects of information content,structural layout,verbal expression and responsibility definition.With the corresponding institutional background,we deeply analyze the necessity and feasibility of the improvement in China.Finally,on the basis of the analysis of the actual situation in China and the summary of the foreign experiences,this dissertation puts forward some suggestions on improving the audit reports from the aspects of content,form,responsibility clarity and role transformation.At the same time,based on auditors,information users,information disclosure mechanisms and regulations,this dissertation discusses the related guarantee mechanism on the improvement of China's audits.