Terms

Question 1

What are professional accountants?

Answer 1

Professional accountants refer to persons who are registered in the PRC as Certified Public Accountants (CPAs) and who hold a valid certificate issued by the BOA, whether they be in public practice (including partnership or sole proprietorship), commerce and industry, the government or education. (code of ethics)

Question 2

A professional accountant should be straightforward and honest in all professional and business relationships

Answer 2

Integrity

Question 3

A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments.

Answer 3

Objectivity

Question 4

Acts of omission or commission by the entity, either intentional or unintentional, which are contrary to the prevailing laws or regulations.

Answer 4

Non-compliance

Question 5

A written statement by management provided to the auditor to confirm certain matters or to support other audit evidence.

Answer 5

Written representation