英文目录

Highlights in This Issue

Vice Minister Wang Jun stresses the focus on “main themes and main tasks” to fully promote development of the profession

At the “main themes and main tasks” workshop for the profession, Dr. Wang Jun, Vice Finance Minister, emphasizes that the point of serving national construction is to achieve new breakthroughs in financial audit services, and the point of building up professional integrity is so there would be concentrated efforts to successfully promote “the year of integrity culture”. Dr. Wang urges finance bureaus and CPA institutes at all levels to move forward, continuously increase awareness, capability and skills in the efforts of “main themes and main tasks” in the development of accounting firms.  He called the audience to strengthen the support and guidance of serving financial industry and to uphold integrity, proactively resolve the challenges in the developing process of firms, and promulgating policies and rules to encourage the profession to better serve financial industry and build up integrity, to actively put the efforts of “main themes and main tasks” in practice.

Secretary General Chen urges the CPAs to further promote the scientific development of the accounting profession

Dr. Chen Yugui, Deputy President and Secretary General of CICPA urges the CPA profession to seize this opportune time in history to fully develop its subjective spirit and professionalism, capacity-building, and to uphold integrity and central functions of the accounting profession in order to accelerate and achieve rapid development. First, develop the spirit of the profession, with fervor and motivation, influence all those working in the profession; Second, build and promote professionalism, create a good professional image; Third, reinforce capacity building, increase the level of serving national construction; Fourth, instill and uphold professional principles of integrity; Fifth, increase impact to society, actively practice social management innovation.

Study on the promotion and retirement system of partners in accounting firms
The professional career of partners in accounting firm is limited. The continued operation of the firm will usually outlast the individual partner’s career. It is natural those who work and develop a long career in the same firm to be considered and eventually be promoted to be partners. This creates a different relationship dynamic among colleagues and also the dynamics among partners from different generations. By adopting the overlapping generations model of macro-economics, this article constructs an adjustable mathematical model for the relationship between partners and presents an analysis on accounting firms with the partners’ behavior as the subject.