What Is the Public Accounting Report?

The accountancy undertaken by certified public accountants for all sectors of society is an early term for civil audit. It mainly refers to a certified public accountant who performs accounting business, and is entrusted by parties such as industrial and commercial enterprises to inspect the accounting vouchers, books, and accounting statements of the unit. It is generally carried out to assess whether the financial statements of an enterprise properly and truthfully reflect its financial status and operating results; it is also carried out for other close-up purposes such as checking for fraud. When conducting an audit, the trusted accountant should first understand the internal control of the enterprise in order to determine the scope and method of the audit, and then conduct the necessary inspection, inquiry, inspection, and analysis of the audited data or items from an independent and objective perspective. Finally, according to the obtained data, judge according to professional standards, draw conclusions, and submit reports. Relevant management agencies generally formulate auditing standards for certified public accountants for auditing in accordance with the implementation.

Public accounting

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The accountancy undertaken by certified public accountants for all sectors of society is an early term for civil audit. It mainly refers to a certified public accountant who performs accounting business, and is entrusted by parties such as industrial and commercial enterprises to inspect the accounting vouchers, books, and accounting statements of the unit. It is generally carried out to assess whether the financial statements of an enterprise properly and truthfully reflect its financial status and operating results; it is also carried out for other close-up purposes such as checking for fraud. When conducting an audit, the trusted accountant should first understand the internal control of the enterprise in order to determine the scope and method of the audit, and then conduct the necessary inspection, inquiry, inspection, and analysis of the audited data or items from an independent and objective perspective. Finally, according to the obtained data, judge according to professional standards, draw conclusions, and submit reports. Relevant management agencies generally formulate auditing standards for certified public accountants for auditing in accordance with the implementation.

The basic function of a CPA audit is economic supervision, evaluation, and verification. Its ultimate purpose is to help the audited unit to strengthen the internal control system to improve economic efficiency under the premise of maintaining normal social and economic order. Therefore, it has the role of promotion and restriction. The audit objects are the economic activities that have occurred, are occurring or are about to occur in the audited unit's operation and management of the entrusted assets, which are specifically manifested in the audited unit's financial revenue and expenditure activities, financial activities and business operation and management activities. The purpose of auditing is to make judgments on the legality, rationality and effectiveness of the audited objects. The most basic method of auditing is to collect, collate and verify audit evidence to determine the truth of the audited matters, make judgments against certain auditing standards, make evaluations, and write objectively in the audit report.

In addition to auditing business, the CPA's business also includes: verifying the invested capital of the company, participating in the dissolution of the company and the liquidation of high yields, participating in the resolution of economic disputes in the enterprise, assisting in identifying economic case evidence, designing accounting systems, and acting as an accounting consultant Provide accounting, financial, tax and economic management consulting, proxy tax declarations, assist in drafting contracts, articles of association and other economic documents.