Comparison of Hiring Accounting Firms between Sino and Foreign Banks
The aim of this paper is to give suggestions to the Notice of Several Opinions for Accelerating the Development of Chinas CPA Industry.The notice raised objectives in five years.At present,there are some gaps to the objectives.In order to make clear the gaps and then give suggestions,this paper selects Chinas 14 listed banks and 19 among the 30 foreign biggest banks to compare the difference of hiring accounting firms between Chinas and foreign banks by using their annual reports disclosures.We use descriptive figures and ANOVA tests to mining the data.We found that in the process of hiring auditors,foreign commercial banks emphasize more on the role of audit committee or equivalent authorit);The auditing fees of foreign banks are much higher than that of Chinas commercial banks;Foreign banks use significantly more non-audit services than Chinas banks.This paper then proposes some suggestions according to the Notice of Several Opinions for Accelerating the Development of Chinas (PA Industry,such as stressing the role of audit committee,educating the users of auditing service,and promoting and standardizing the use of non-auditing services.
Sino foreign commercial banks hiring accounting firms comparison.
Lei Ying
Associate professor Business School East China University of Science and Technology Shanghai 200237,Peoples Republic of China
国际会议
重庆
英文
417-421
2010-09-17（万方平台首次上网日期，不代表论文的发表时间）