Economic Law (with disc) -- CPA 2005 National Unified CPA Examination Tutoring Materials

Author: Chinese Institute of Certified Public Accountants
Publisher:
Publishing Date: 2005-06-01
Features: This book is printed on light blue writing paper and comes with an Economic Laws CD-ROM for reference during exam preparation. If not included, it is not an authentic version. Candidates are advised to identify it. 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 and construction of the intermediary service industry. It was the first to restore the certified public accountant (CPA) system in the early stages of reform and opening-up. After more than two decades of development, the Chinese CPA industry has grown to a considerable scale, with rapidly improving professional quality and standards. It has played a significant role in assisting the government with macroeconomic policies, maintaining the orderly operation of the capital market, 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 Opinions of the State Council on Promoting the Reform, Opening-up, and Stability of the Capital Market further emphasized strengthening the management of accounting firms and other intermediary institutions, as well as fully leveraging the self-regulatory role of industry associations like the CPA profession. This was identified as a key component of the strategic decision to develop the capital market. The Fourth Plenary Session of the 16th Central Committee reaffirmed the importance of the role of intermediary institutions and industry organizations from the perspective of enhancing governance capacity. All these measures fully demonstrate the central government and the State Council's high regard for the intermediary service industry, including the CPA profession, providing an unprecedentedly favorable policy environment for its future development, which is both inspiring and uplifting. At the same time, it has also raised new demands for the comprehensive improvement of the quality of the CPA workforce.
Selecting and cultivating highly competent CPA candidates through exams is a crucial step in standardizing and developing the CPA industry. Since the implementation of the national unified CPA examination system in 1991, China has successfully held 13 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 Laws, and Taxation—as well as a companion reference book, Economic Laws Compilation. These study guides were revised based on the 2004 edition, incorporating changes in regulations and new developments in theoretical research. The revised materials fully reflect the fundamental requirements for the knowledge structure and professional competence of CPAs.
The Economic Laws 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 materials. It enhances comprehensive understanding of relevant professional knowledge and is also practical for CPAs and other professionals in society. Additionally, to facilitate candidate reference, we have created CDs for each subject, which are appended to the end of each study guide.