文献类型：期刊文献

英文题名：Notice of Retraction: Comparison of hiring accounting firms between sino and foreign banks

作者：Lei, Ying[1]

机构：[1] Business School, East China University of Science and Technology, Shanghai 200237, China

年份：2010

起止页码：417

外文期刊名：Proceedings - 2010 2nd IEEE International Conference on Information and Financial Engineering, ICIFE 2010

收录：EI(收录号：20105113505844)

语种：英文

摘要：The aim of this paper is to give suggestions to the "Notice of Several Opinions for Accelerating the Development of China's 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 China's 14 listed banks and 19 among the 30 foreign biggest banks to compare the difference of hiring accounting firms between China's 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 authority; The auditing fees of foreign banks are much higher than that of China's commercial banks; Foreign banks use significantly more non-audit services than China's banks. This paper then proposes some suggestions according to the "Notice of Several Opinions for Accelerating the Development of China's CPA 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. ? 2010 IEEE.