Author(s)

Luo Chengkai ¹, Li Yang ¹

Affiliation(s)

¹ College of Accounting, Zhejiang University of Finance and Economics, Hangzhou 310018, China

Corresponding Author

Luo Chengkai

ABSTRACT

After the new securities law comes into force, the qualification of accounting firms to engage in securities audit business is changed from approval system to registration system. Against this background, as the first small and medium-sized accounting firm in China to undertake the annual audit of listed companies, Shenzhen Tangtang has attracted considerable attention. The article uses literature research and case studies to analyse the business share and development pattern of Shenzhen Tangtang before and after the reform of the registration system, and finds that Shenzhen Tangtang still has many shortcomings in undertaking securities audit business, but has successfully achieved the transition to scale. On the whole, developing securities audit business will do more good than harm to small and medium-sized accounting firms. Therefore, it is recommended that small and medium-sized accounting firms strengthen the construction of talent, enhance their own securities audit practice capacity, improve the level of information technology auditing, enhance sustainability and engage in securities audit business prudently.

KEYWORDS

New securities law, small and medium-sized accounting firms, registration system

CITE THIS PAPER

Luo Chengkai, Li Yang, Impact of registration reform on small and medium-sized accounting firms. Accounting and Corporate Management (2022) Vol. 4: 37-46. DOI: http://dx.doi.org/10.23977/acccm.2022.040206.

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