May 30, 2018 - The Chinese Institute of Certified Public Accountants (CICPA) today released information on Top 100 Accounting Firms in China by Revenue in 2017 (hereinafter referred to as the top 100 in 2017). It is the 15th consecutive year for CICPA to release the rankings since it established the top 100 information release program in 2003.
The top 100 in 2017 was the first time based on Rules on Releasing Information on Top 100 Accounting Firms in China by Revenue issued by CICPA on January 2, 2018. Previously, a comprehensive ranking result was generated using individual measures with different weights applied. The top 100 in 2017 ranked accounting firms using the revenue as the sole measure. At the same time, it also released information on the structure of accounting firm’s revenue, revenue from other professional service organizations under its control, number of certified public accountants, number of employees, number of branches (offices), membership of international accounting network and alliances, as well as disciplinary actions received by the accounting firm and its CPAs in the past three years.
Head of the CICPA said that it was up to the accounting firm to decide whether to participate in the ranking program. The information released is mainly collected from the data of the CPA Profession Information System, in order to reduce the reporting burden of accounting firms. Data are confirmed by accounting firms. He added that the top 100 information in 2017 is not an assessment of the quality of services provided by accounting firms, but a reference material for the market and the public to analyze and evaluate accounting firms.
The filing of the 2017 annual financial report of accounting firms in China was completed simultaneously. The results show that the accounting firms in China totally have achieved revenue of 71.135 billion yuan[1] in 2017. If we include revenue from other professional service organizations under its control, the figure reached 91.841 billion yuan in 2017. As of December 31, 2017, there are 8,605 accounting firms in China, including 1,082 branches. There are 105,570 certified public accountants in accounting firms throughout the country.
Information on Top 100 Accounting firms in China by Revenue in 2017
