An accounting firm is an intermediary institution that provides a series of financial services such as accounting, auditing, taxation, mergers, divisions, dissolution and liquidation, capital operations, asset evaluation, and financial management. Due to China's accession to the WTO, Accounting firms need to provide audits for enterprises, which is called assurance services in the industry. Therefore, accounting firms are a new thing in the past 7-8 years. Although 7-8 years is not short, the reason why they are called new things is because they are a new thing. It has developed relatively slowly and has been gradually improved in the past 3-4 years. It started in 1991, but foreign CPAs have a history of hundreds of years.

People who work in accounting firms are people with CPA qualifications. Of course there are people who do not have this qualification, but those without qualifications can only serve as assistants to certified public accountants. Only certified public accountants have the power to sign on various reports. Therefore, certified public accountants are a very popular profession now, but the exam is very difficult. Yes, the CPA exam is known as the first exam in China. It is the most difficult of all exams in the industry or outside the industry.

On February 15 this year, the Ministry of Finance issued the Enterprise Accounting Standards System and the CPA auditing standards system. For listed companies, the former will be implemented on January 1, 2007, while CPAs will implement the latter. However, CPAs must understand the former very well and be able to skillfully use the former in order to better implement the latter.