Case Study On Professional Competence Of CPA In SK Accounting Firm

With the establishment of SME Board,which is given the historic task of building a multi-level investment market and helping potential enterprises to develop,auditing,as one of the means to supervise enterprises,is becoming more and more important in the case of separation of powers and increasingly complex economic forms.However,the inadequate implementation of CPA audit procedures has occurred from time to time,and the audit quality is worrying.In such a situation that the quality of supply is not in line with the demand standard,the most important thing is to develop the professional competence of certified public accountants and improve the audit quality.In the first part,the research background and significance of the article will be introduced.In the second part,the article will give a brief introduction of SK Accounting Firm.And the case will be described in detail.This paper will introduce the improper execution of audit procedures of Zhao,Qian,Sun and Feng.Then,in the third part,the concept of professional competence and the principal-agent theory and the theory of bounded rationality will be introduced firstly.Next,the article will analyze the improper practices of the four CPAs,and explain the improper practices,which prove the shorts of professional competence of these CPAs,including the lack of financial competence,inadequate investigation ability,inadequate understanding of audit standards,the lack of professional prudence and so on.After that,the article analyses the causes of these problems Last,according to these causes,specific measures to improve the competence of CPAs be found,including taking professional and technical training,increasing the understanding of the environment of the industry in which the auditee is located,and maintaining professional prudence.Through the research and analysis of the inadequate implementation of the audit procedures of Certified Public Accountants in SK accounting firms,this paper aims to obtain the specific professional competence that certified public accountants should possess and the methods to improve the professional competence of certified public accountants,so as to provide case studies for the study of the professional competence of Certified public accountants and provide references of certified public accountants training.At the same time,the Countermeasures of this paper can give auditors some enlightenment,guide the practice of CPA auditing and improve the quality of auditing.At the same time,the countermeasures of this paper can give auditors some enlightenment,so that they can use it to get their work to improve audit quality.