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ABSTRACT
Graduate Institute of Accounting
National Taiwan University
Title: Restudy on Review System of
Adviser : Lin, Chan-Jane, Ph. D.
Name : Shen, Chiu-Jung Month/Year : June, 1998
The review system of the Accounting firms can improve the professional quality
of CPAs. Because of the refusal of a number CPAs in 1987, the review system
has never functioned well since then. Though the regulatory body has performed
several evaluations on audit engagement of CPAs during this period, it is
still far from the spirit of self-regulation, which triggers the motive of
this thesis. The purpose of this study is to investigate the reasons why
the review system can't be implemented in Taiwan.
The study begins with understanding the CPAs' view regarding the necessity of
review system in Taiwan, and the reasons for failing to implement the system.
Secondly, this study attempts to explore whether the size of accounting firms
would affect the CPAs' view and what a sound review system of the CPAs should
be.
500 questionnaires were sent to CPAs. Of which, 116 useful questionnaires were
received, which gives the response rate of 23.2%. The result of the survey
indicates that most CPAs agree with the function of review system. Most CPAs
agree that the system itself unhealthy, is the main reason why review system
was not working. With respect to the key factors for a successful review system
, most CPAs consider the credibility review results、the objectivity of
the review criterion and the soundness of review procedure are most important.
As to the characteristics of a sound review system, survey indicates:
1. Separate review system for public practice and private practice section
is preferred.
2. The review should include the evaluation of quality control system of
accounting firms.
3. Member of the review team should include practitioners、specialists
and scholars.
4. Don't make the review report public.
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