Economic law

Author: Chinese Institute of Certified Public Accountants
Publisher:
Publish Date: 2005-03-01
Features: This book is printed on light blue writing paper and comes with an economic regulations compilation (Economic Law) CD-ROM for reference during exam preparation. If not included, it is not an authentic version; please identify carefully. For any inquiries, please visit www.cicpa.org.cn.
Since the reform and opening-up, especially in the process of establishing and improving the socialist market economy system, the Chinese government has placed great emphasis on the development of intermediary service industries. It was the first to restore the certified public accountant (CPA) system during the early stages of reform and opening-up. After more than two decades of development, the Chinese CPA industry has grown substantially, with rapidly improving professional quality and standards. It has played a significant role in assisting the government with macroeconomic policies, maintaining orderly capital market operations, and protecting the interests of investors and the public.
The Third Plenary Session of the 16th Central Committee proposed the historical task of improving China's market economy system and put forward new requirements for the development of intermediary service industries, including the CPA profession. The State Council's "Several Opinions on Promoting Capital Market Reform, Opening-Up, and Stability Development" further emphasized strengthening the management of accounting firms and other intermediary institutions, as well as fully leveraging the self-regulatory role of professional associations like the CPA industry. The Fourth Plenary Session of the 16th Central Committee reaffirmed the importance of intermediary institutions and industry organizations from the perspective of enhancing governance capacity. All these measures fully demonstrate the central committee and the State Council's high regard for market intermediary industries, including the CPA profession, providing an unprecedentedly favorable policy environment for its future development, which is both inspiring and uplifting.
At the same time, they have also raised new demands for the comprehensive improvement of the quality of the CPA workforce. Selecting and cultivating highly capable and morally upright CPA candidates through examinations is a crucial step in regulating and developing the CPA industry. Since the implementation of the national unified CPA examination system in 1991, China has successfully held 13 such exams. As of the end of 2004, 116,028 candidates had passed all subjects, providing the CPA profession with a substantial pool of qualified talent.
To support the 2005 national unified CPA examination and better serve candidates, the Chinese Institute of Certified Public Accountants has organized experts to compile study guides for five subjects—Accounting, Auditing, Financial Management, Economic Law, and Taxation—as well as a supplementary reference book, the "Economic Regulations Compilation." These five subject study guides were revised and compiled based on the 2004 edition, reflecting changes in regulations and new developments in theoretical research. After revision, the entire set of textbooks fully embodies the fundamental requirements for CPA knowledge structure and professional competence.
The "Economic Regulations Compilation" includes the latest relevant laws, regulations, and systems based on the 2004 edition, serving as a supplement to help candidates better understand the entire set of textbooks. It deepens their comprehensive understanding of relevant professional knowledge while also being practical for CPAs and other relevant personnel to reference. Additionally, to facilitate candidates' access, we have created CDs for each subject, which are appended to the end of each study guide.