An accounting firm refers to an intermediary service institution that independently undertakes CPA business according to law, and is a certified public accountant with a certain accounting professional level.
(For example, certified public accountants in China, certified public accountants in the United States, chartered public accountants in Britain, certified public accountants in Japan and so on. ) and institutions entrusted by the parties to undertake auditing, accounting, consulting, taxation and other related businesses. China implements a license management system for accounting firms and certified public accountants engaged in securities-related business.
Accounting firms are legally established institutions that undertake the business of certified public accountants. A certified public accountant shall join an accounting firm when performing business. In China, it can be divided into two forms: limited liability company and partnership system, and there is also limited liability partnership system (LLP) abroad.
system
Related Books In China, the system of government issuing accounting certificates and accountants undertaking accounting business in society was founded in the Republic of China (19 18- 1928). According to the provisions of the Kuomintang government, those who have passed the advanced examination for accountants or certified public accountants, obtained the qualification of accountants and obtained the accountant certificate issued by government agencies can serve as accountants. An accountant may set up an accounting firm to carry out business after applying for registration with the provincial and municipal authorities.
After the establishment of People's Republic of China (PRC), the Financial and Economic Committee of the State Council issued the Management Rules for Certified Public Accountants on1October 24th, 195 165438, which stipulated that an accountant approved by the local municipal industrial and commercial bureau or county people's government may conduct business in the local city (county) in the name of an accountant, or jointly form an accounting service office to conduct business. However, when performing business, the accountant is the individual. After the socialist transformation of private industry and commerce was completed, this accounting system gradually lost its function and existed in name only. 1980 in order to meet the needs of modernization and the implementation of the policy of opening to the outside world, the Ministry of Finance issued the Interim Provisions on the Establishment of Accounting Consulting Organizations on February 23rd, 65438. According to the regulations, accounting consulting firm is an accounting firm, which is an independent unit composed of certified public accountants to undertake auditing, accounting, consulting, taxation and other businesses. When it is established, it should be reported to the finance department (bureau) of the province, autonomous region or municipality directly under the Central Government for examination and approval, and it should be supervised by it at ordinary times.
Accounting consulting firms undertake the following businesses: ① check accounting accounts and issue audit reports; (2) Design financial accounting system to guide the implementation of the system; (three) to provide advice and opinions on financial accounting issues; (4) Handling income tax declaration, patent application, registration of enterprise establishment and change, liquidation of creditor's rights and debts, liquidation of enterprise dissolution, etc. ⑤ Participate in drafting articles of association, economic contracts, agreements, contracts and various documents related to financial accounting; ⑥ Acting as an agent for mediation and arbitration of economic disputes and economic cases; ⑦ Serve as the perennial accounting consultant of the entrusting unit and handle the above business.
responsible
An accounting firm may be established by a registered accountant in partnership. The debts of an accounting firm established in partnership shall be borne by the partners with their own property according to the proportion of capital contribution or agreement. Partners shall be jointly and severally liable for the debts of the accounting firm. An accounting firm that meets the following conditions may be a legal person with limited liability:
(a) the registered capital of not less than three hundred thousand yuan;
(2) Having a certain number of full-time employees, including at least two certified public accountants;
(3) The business scope and other conditions stipulated by the financial department of the State Council.
A limited liability accounting firm is liable for its debts with all its assets.
In economically developed countries such as the United States, Britain, Japan, France, Canada and Australia, accounting firms have developed rapidly, and many accounting firms have joined forces to form large-scale partnership companies. Some companies have become international organizations with branches all over the world, and their businesses have developed from auditing, tax declaration, company registration, stock management, notarization, litigation agency, will execution, bankruptcy liquidation and so on. Can provide comprehensive economic management and technical management consulting services, and the business content has greatly exceeded the scope of accounting. Among them, some large international partnership companies have set up permanent representative offices or stationed permanent representatives in China.