2013年第6期
Assistant Minister Yu Weiping visits the Accounting Services Outsourcing Demonstration Base in Suzhou Industrial Park
On May 24th, 2013, Assistant Minister Yu Weiping visited the Accounting Services Outsourcing Demonstration Base in Suzhou Industrial Park. During his visit, he was informed of the current development of accounting services, building-up of the Demonstration Base, specific measures and future developing goals. Mr. Yu highly praises the achievements of the Demonstration Base and presents further challenges. First is to emancipate the mind and serve development; second, to explore unique offerings and build brands; third, to uphold integrity and strengthen professionalism; and fourth, to improve the system and develop in a healthy way. He expects to see the Demonstration Base to accumulate more experience, and to lead as a role model for the country to make more contribution to the social and economic development.
Local institutes of CPAs actively promote the “Year of Integrity” event
At the beginning of this year, the CICPA launched the “Year of Integrity” event throughout the profession in order to put in practice the important requirement by President Xi Jinping for the CPA profession, “the main theme and main line”. This requires the profession to promote the culture of integrity, establish the system of developing professional culture with integrity, harmony, professionalism and practicality as the core features, achieve the fusion of professional culture cultivation and professional development, greatly strengthen the soft power of the profession and realize its scientific development. All local institutes of CPAs have taken actions. Considering the practice in their region, they reinforce the leadership and make plans dedicatedly to promote the combination of integrity and developing strategies and the alliance of professional ethics and qualification, and to further enhance the comprehensive capability of serving national construction and to achieve the leaping advance of the profession.
Customize long form audit report: the new initiative of audit report reform by IAASB
The current audit reports carry features like standardization and unification and fixed order of report elements. However, users still expect audit reports to provide more useful information for decision-making. The outbreak of global financial crisis gave rise to complaints from institutional investors and financial analysts regarding the existing audit report. Facing users’ questions and appeals, the Public Company Accounting Oversight Board (PCAOB), European Commission (EC) and other stakeholders have all pointed out that current audit reports need immediate reform. The International Auditing and Assurance Standards Board (IAASB) plans to draft the revised IAS 700 “Standard on Audit Report” before June 2013 and put it out for public consultation. This article presents an analysis on information needs of audit report users, major progress of IAASB’s reform on audit reports, challenges faced with audit report reform, along with some suggestions.
京公网安备 11010802022122号