This paper studies the influence factors to the judgment of accounting profession on the basis of analyzing the concept of the judgment of accounting profession and discusses the relations of the judgment of accounting profession and the making foundations of accounting criterion.
At present, there is a very strict set of professional entrance system in accounting profession of our country, which is not only a threshold for qualified accountants but also the direction of higher accounting vocational education.
In Hong Kong, a corporate failure which aroused public concern was a listed company known as Euro-Asia Agricultural (Holdings) Company Limited, which also affected public confidence in the accounting profession.
Recent developments in the accounting profession in Russia
These factors are forms of business, users of financial information and their needs, the accounting profession, and various international influences including culture, politics, and economics.
The accounting profession claims that the substantial litigation costs incurred to defend against negligence claims are used by plaintiffs to coerce settlement.
The software industry can fruitfully draw strategic lessons from the accounting profession's similar litigation crisis of the late 1980s and early 1990s in terms of litigation strategies, lobbying efforts, and funding of useful academic research.
A review of legal theory is followed by a description of other trends influencing the accountability of the accounting profession.