Topic: Moving towards High-Quality Auditing

Speaker: Pengcheng Wang

Date & Time: 13:30-15:00 Friday, September 22, 2023

Venue: Room 245, Quan Xue Building

Organizers: School of Accounting, Dongbei University of Finance and Economics, P.R. China & Liaoning Capital Market Finance and Accounting Graduate Innovation and Academic Exchange Center

Abstract:

Since 2018, a major debate surrounding the auditing industry has been raging in the UK, stemming from a crisis of trust and frequent issues in the auditing industry. Therefore, some scholars have proposed new audit objectives and principles, envisioned new auditing professions, and proposed suggestions on how to enhance the value of audit reports. A systematic reform plan for auditing is imminent. China has a similar situation and its own characteristics. Therefore, we need to base ourselves on China's national conditions, effectively draw on the experience of other countries, and timely propose reform plans for the audit industry in China to meet the needs of all stakeholders.

Introduction of Speaker:

Pengcheng Wang, professor and doctoral supervisor at the School of Business at Beijing Technology and Business University. He also serves as the Vice Chairman of the Accounting Standards Professional Committee of Accounting Society of China , an expert member of the ESG Professional Committee of China Association for Public Companies, and Vice Chairman of the Financial Director Professional Committee. He is also a member of Banking Accounting Society of China, a researcher at the Haier win-win value-added statement research institute, a member of the Strategic Advisory Committee of Xiamen National Accounting College, a member of the MPAcc Advisory Committee of Renmin University of China School of Business, Adviser to Ernst&Young Research Institute, Editorial Board Member of China Management Accounting Review, and Executive Committee Member of the Academic Committee of Finance Research. He has served as an associate professor at the Central University of Finance and Economics, the partner at Pan-China Certified Public Accountants, and the leading partner in the financial industry in Greater China at Deloitte Touche Tohmatsu. In 2014, he served as the Chief Operating Officer of Audit Services for Ernst&Young Greater China, and in 2018, he served as the Managing Partner of Audit Services for Ernst&Young Greater China. Previously responsible for auditing and consulting services for numerous financial institutions and large central enterprises, served as the member of the Accounting Standards Committee and the Audit Standards Group of the Ministry of Finance, and the consulting expert of the Internal Control Committee of the Ministry of Finance.

Special Attention:

Strictly prohibit recording and public dissemination of the lecture content without permission from the author and organizer, violators may be investigated for legal responsibility.