An Analysis of Administrative Penalty against Accounting Firm and CPA-Based on theCSRC's Bulletins from 2001 to 2016

摘要

This paper analyzed the punishment bulletins released by CSRC against accounting firms and CPAs from 2001 to 2016. We use statistical manners to demonstrate the different types, reasons, penalty speed and penalty intensity of those cases. Chinese administrative penalty has its own characteristics and changed with time. Authorities should increase penalty intensity and accelerate penalty speed to strengthen regulatory on the accounting firms and CPAs in the future. Last but not least, the firm mergers caused by penalty also deserves the attention of regulators.