The successful progress of cross-border audit regulation between China and the United States will not only have a significant impact on Chinese companies listed in the United States but also have far-reaching consequences for global capital markets,international economy,and political relations.In this paper,we follow the logic of"historical evolution-regulatory divergences-poten-tial impacts-strategic response"to explore the past and future of the CN-US cross-border audit regulation.The disagreements in the CN-US cross-border audit regulation revolve around regulatory authority,scope,and implementation.The essence of the divergence is firstly the difference in reg-ulatory demand caused by the quality of accounting information of China Concept Stock,and then the significant differences between China and the United States in terms of accounting and auditing systems and regulatory regimes,and the framework of national sovereignty and national security.Theoretically,the CN-US cross-border audit regulation will not only have a direct impact on the quality of accounting information and auditing quality,but also have an indirect impact on investor decision.In practice,however,the effectiveness of the CN-US cross-border audit regulation and its governance effects have yet to be verified.To establish a comprehensive CN-US cross-border audit regulatory system,regulatory authorities should design scientifically effective operational and safe-guard mechanisms.Accounting firms should improve their quality control systems and record man-agement systems,and listed companies should enhance their internal governance capabilities and da-ta security awareness.
关键词
审计监管/跨境监管/全球治理/会计信息质量/审计准则
Key words
Audit Regulation/Cross-Border Regulation/Global Governance/Accounting Information Quality/Audit Standards
维普
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