differences in auditing problem of china and usa — analysis on audit independence

《differences in auditing problem of china and usa — analysis on audit independence》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、DifferencesinAuditingProblemofChinaandUSA—AnalysisonauditindependenceDifferencesinAuditingProblemofChinaandUSA—AnalysisonauditindependenceLiteraturepreviewManyauditfirmssufferedauditfailuresrecentlyinChinaandUS1>.Deloitte&TouchebecameinvolvedwithKelon’sscandals,givingoutunqualifiedauditreport

2、sonKelon’sfinancialstatementswhichcontainedmaterialerrors.KPMGwasforcedbytheChineseMinistryoffinancetorestructure.InOnceagain,theauditindependenceissuedrawsthepublic’sattention.TheauditfailurecaseandanalysisofChina2.1ChinaKelonEventPriorto2002,kelonauditinstitutionsismarsh,2001,STkelonfull-yearne

3、tlossof1.5billionyuan,atthetimeofArthurAndersen;becauseitcouldnotperformsatisfactoryauditprocedurestoobtainreasonableassurancetodetermineallmajortransactionshavebeencorrectlyrecordedandfulldisclosure;givesaauditreportofrefusedtocommitherself.In2002,Andersenafterenronsubversion,itsbusinessinthemai

4、nlandandHongKongintoPWC,however,PWCGeLinKeErandkelonbothresigned;hotpotato;.Then,deloitte'sarrivalforkelonaudittheannualreportsfrom2002to2004.OnMarch28,2003,deloitteforSTkelon2002annualreportissuedbytheauditreportofreservations.Inkelonthatyear'sannualreport,byasmuchas$350millionofassets

5、impairmentreturnandprojectedliabilities,netprofitof200millionyuan.2.2analysisofthecaseAuditactivitiesisasystemprocess,willbeaffectedbyenvironmentalfactors.Auditorsandaccountantsitselfisthedirectperpetratorsofauditactivities,alsobedeterminingfactorsinthesuccessorfailureoftheaudit.Amongthem,theinde

6、pendentauditistopreventdistortionofaccountinginformationandanimportantleveloffraud.Signboardhasinternational;bigfour;accountingfirmdeloitteisnotthegoodthiswayoff,butin;kelon;,thispaperanalyzesthecausesofbelowis,lookatwhatledtothedeloitteauditfailure.Economicmotives:enterpriseprofitdeloittetookthi

7、shotpotato,fromPWCinnatureisdrivenbycommercialinterests.Looselegalenvironmentfactors:theChinesesystem,withfourofthesupernationaltreatment,causeverylowviolationcostnearlytwoyearsaseriesoflitigation,makesthefameof;kelon;