Audit firm legal form and fraudulent financial reporting

• Main Authors: CHEN, Chih-Ying, Chin, Chen-Lung, CHI, Hsin-Yi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/854; http://www.business.illinois.edu/accountancy/research/vkzcenter/conferences/taiwan/papers/Chen_Chin_Chi.pdf
• Institution: Singapore Management University

In China, audit firms can be formed as either unlimited liability partnerships or limited liability corporations. While the limited liability form of audit firms dominates the Chinese audit market, the unlimited liability partnerships still audit between 10 and 15 percent of the listed companies....