Research On The Application Of CPA Professional Judgment

Audit practice is essentially composed of a series of judgment behaviors.As an important part of auditing,professional judgment is the reflection of CPA undefineds own knowledge,experience,ability and moral level.However,the professional judgment of CPA is mostly related to personal subjective consciousness,so what is the standard of professional judgment,how to make appropriate,reliable and reasonable professional judgment,and what fields need to be judged?In order to obtain high-quality and high-efficient result of professional judgment,this paper focuses on which aspects.The main research scope of this paper is audit professional judgment.First of all,the relevant literature about professional judgment at home and abroad is combed,the main research results are summarized,and then the related concepts of CPA professional judgment are expounded on this basis.Based on the guide of certified public accountants undefined professional judgment issued by China Annotation Association as the standard,the main application fields and influencing factors of the quality evaluation of professional judgment are summarized.At the same time,the relevant theories of the research and application of the paper are explained,specifically the principal-agent theory.Interest related theory,information asymmetry theory and utility theory,and then combine theory with practice,collect audit opinion issued data and data of punished accounting firm for 2014-2016,This paper compares and analyzes the key professional judgment points and the high incidence of professional misjudgment,discusses the problems existing in the application of CPA professional judgment in our country at the present stage,and then puts forward corresponding suggestions for improvement of the problems found one by one.Mainly involves the system level,the environment aspect,the firm angle and the certified public accountant angle.Finally,taking the audit of Xintai Electric fraud case as an example,this paper further discusses the causes of professional judgment errors,discusses the inspiration of the case,and tries to provide help for improving the quality of professional judgment of certified public accountants in China.