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In view of the cost and competition attentions of global CPA firms, CPA business is a matured profession which has experienced development of one hundred years. CPA business is similar to other service businesses in many ways. CPA firm is a subject in market competition just like other enterprises which must pursue existence and development in market competition, but the existence of CPA firms means differently as compared to other common enterprises, being an independent service organization, has to stand on neutral position and present opinions on enterprise financial condition and financial reports according to auditing results, therefore common people place higher social responsibility standards on CPAs. With the establishment of domestic Financial Supervisory Commission, and the occurrences of PROCOMP INFORMATICS and INFODISC cases on hollowing out company assets, consequently speeds up the establishment steps of laws and regulations related to accounting Oversight. The influences resulted by this series of changes, in terms of company, deeply increased the responsibility of enterprise management level, practical implement of internal control system, requirements of open and public information, measurement on the mechanism of enterprise risk management, as well as actually carry out and take root of company management spirit. The business practice responsibility of CPA firms is also increased. This study used questionnaire methodology to recognize that under a series of current accounting oversight innovations, to what degree that CPA firm operation has been influenced. This simply is offered as reference for CPA firm operators upon setting up business strategy.
The study results demonstrated that, with regard to the Certified Public Accountant Law Amendments, participants agreed that the CPA development education of Certified Public Accountant Law Amendments will enhance business practice quality; before engaging in business practice, every CPA must make business practice registration and join into CPA association membership, through the professional organization of CPA association to regulate CPA practice quality; the regulation of compulsive further education will be helpful to enhance CAP practice quality; the organization types of corporate CPA firms have no influence on CAP practice quality; for future enhancement on the organization and function of CPA association, and establish professional responsibility appraisal committee, thus to enhance CAP practice quality, and advance the justice and objective role of CPA. As to the Securities and Exchange Law, participants agreed that if any CPA behaves improperly or breaches and neglects any required liabilities upon auditing and certifying financial reports, should be held liable for the compensation of loss caused to investors proportionally; if the company being audited or certified is under legal action in violation of the Securities and Exchange Law, CPA should be held liable for general negligent act of not being required to submit objective evidence. As to the application of the Statements of Financial Accounting Standards Number 7, Number 34 and Number 35 to large CPA firms, participants deemed that large CAP firms would be influenced more, in response to the enforcement of new Statements, large CPA firms have to provide employee training expenditure, increase the auditing time of auditors, and will consequently increase auditing cost of CAP firms. However, new Statements will also bring in some extra incomes. Participants deemed that the implement of Income Basic Tax Act and Profit-seeking Enterprise Income Tax unreasonable transfer price audit regulations would increase CPA firms’ auditing time and consequently increase auditing cost; CPA will participate and assist enterprises to plan pricing transferring system, only if it does not influence audit independence.
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