中文
Pengcheng Wang

Depart: Accounting

Title: Professor

Office: Comprehensive Building 519

Email: wangpc0861@163.com

loverview

Ø Education

1996.9-2000.3 Studied in Chinese Academy of Fiscal Sciences (formerly known as the Institute for Fiscal Science Research of Ministry of Finance) for Doctors degree of Accountancy

1991.9-1994.4 Studied in Dongbei University of Finance and Economics for Master degree of Accounting.

1988.9– 1991.7 Studied in University of Science and Technology Liaoning (formerly known as Anshan Iron & Steel College) for Bachelor degree of Administration. Graduated with bachelor’s degree in three years with the sophomore year skipped.

Ø Working experiences

2022.7 to now Professor, Business School of Beijing Technology and Business University.

2018.7-2022.6 Managing Partner of Assurance Service, EY Greater China. First-ever mainland partner to take the Greater China assurance leadership role among the Big Four accounting firms.

2014.12-2018.6 Chief Operating Officer of Assurance Service and Managing Partner of Industry Development, EY Greater China.

2005.6-2014.5 Partner at Deloitte. Positions held including managing partner of financial services audit for North China; co-managing partner of global financial services of Greater China; managing partner of global financial services of Greater China; and a member of Deloitte Global Financial Services Industry Committee representing Deloitte China.

2007.1-2007.8 Worked in Deloitte UK on a short-term exchange program.

2000.7-2005.5 participated in the founding of Pan-China Certified Public Accountants and worked as partner in charge of professional practice, risk management and management consulting business.

1994.4-2000.6 taught at the Accounting Department of Central University of Finance and Economics, serving as Chief of Foreign Accounting Teaching & Research Section and Assistant Dean of Accounting Department ( in charge of research). Awarded the prize of Excellent Young Teachers of Bejing in 1996 and exceptionally promoted to associate professor in 1998.

lResearch interests

Sustainable development information disclosure;Accounting theory and practice;Auditing theory and practice

lServices & Awards

2023-now ice chairman of the CFO Specialized Committee of China Association for Public Companies

2022.4-now Expert member of the Sustainability Disclosure Standards Task Force of Ministry of Finance

2022.8-now Expert member of the ESG Committee of China Association for Public Companies

2019.3-now member of the MPAcc Education Advisory Committee of Renmin University of China

2022.2-now member of the Strategic Advisory Committee of Xiamen National Accounting Institute

2015.7-now Vice Chairman of the Professional Board of Accounting Standards under the Accounting Society of China

2018.7-now member of the Disciplinary Committee of the Chinese Institute of Certified Public Accountants

2011.6-2016.7 Member of the China Accounting Standards Committee under the Ministry of Finance

1995-2000 member of the panel of Independent Certified Public Accountants Auditing Standards under the Ministry of Finance

Visiting professor of Chinese Academy of Fiscal Sciences, Beijing National Accounting Institute, Xiamen University, Central University of Finance and Economics, Dongbei University of Finance and Economics, and Beijing Jiaotong University. Researcher of Haier’s Win-Win Value Added Approach Research Institute and member of the Editorial Board of “China Management Accounting Review” magazine. Once an advisory expert of the China Internal Control Standards Committee under Ministry of Finance, and the exam development expert for both national examination for accounting qualifications and National CPA Examination.

lBrief outcomes

Published several theses on this topic including“Consideration of climate change risks in financial statements audit”, “Development opportunity of sustainable development information assurance service and the strategic response”, “ Responsibility of the audit committee in sustainable development information disclosure and suggestions on policy changes” , “Safe Harbor Rules in Climate Information Disclosure , Strategic Thinking on Constructing the Carbon Information Disclosure System in China , The Reporting Entity and Related Concepts in the Sustainability Disclosure Standards, Strategic Choices for the Formulation of China's Sustainable Development Disclosure Standards”,and so on.

Since taking the role of expert member of the Sustainability Disclosure Standards Task Force of Ministry of Finance in April 2022, had drafted several research report and submitted to the Ministry.

In the meantime, as commissioned by Ministry of Finance, organized the translation of the Exposure Draft of “IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information” and “ IFRS S2 Climate-related Disclosures” by EY to facilitate the study of both standards by concerned parties in China.

Committed to study and research of accounting theories and practices since 1994. As a member of the China Accounting Standards Committee under the Ministry of Finance from 2011 to 2016, he had been deeply involved in the research and formulation of China’s accounting standards. Since taking the role of Vice Chairman of the Professional Board of Accounting Standards under the Accounting Society of China in 2015, He have been working together with the Chairman and other members of the Board to closely follow the latest development of accounting theories and practices and carried out research in key areas including business model, management discuss and analysis, sustainable development and so on.

Presided over “Study on the Comprehensive Revision and Improvement of China’s Enterprise Accounting Standards System”, the sub-project under World Bank assistance program “Modern Fiscal System and State Governance” ( a Ministry of Finance project). Led the National Development and Reform Commission's project "Research on Accounting Issues Related to Mixed Equity Instruments in Reducing Leverage". Led key projects of the Chinese Accounting Society, such as "Research on the Relationship between Accounting and Socio Economic Environment", "Research on the Current Situation, Causes and Countermeasures of Accounting Information Distortion", and "Research on Difficult and Hot Issues in Consolidated Financial Statements".

Published academic papers in journals such as Accounting Research, such as "On the Disclosure of Securities Economy and Accounting Information", "Accounting Models and Socio Economic Environment", "Accounting Management System and Socio Economic Environment", "Analysis and Research on Several Issues Concerning Profit Forecasting", and "Major Challenges and Prospects for Reform of Intangible Asset Accounting Standards".

During His tenure as COO and Managing Partner of Assurance Service of EY Greater China, led the partners and manager of EY Professional Practice Group to closely track and study the changes in IFRS, US GAAP and PRC GAAP, and sent partners and managers to participate in the study and formulation of related accounting and disclosure standards in IASB, Ministry of Finance and China Securities Regulatory Commission.

From 1994 to 2000, he served as a member of the Independent Audit Standards Group (1st to 5th) of the Ministry of Finance. He was the drafter of audit standards such as the "Audit Sampling Standards", "Audit Importance Standards", and "Going concern Standards" for independent auditing in China. He also led research on the topics of "Expected Credit Loss Audit of Bank Credit Business" and "Research on Auditor Appointment Mechanism Guided by Audit Quality" by the China Association of Certified Public Accountants, Formerly served as a Chinese expert on the 2002 Asian Development Bank funded project "Strengthening the Chinese Accounting Industry". Published academic papers such as "Analysis and Suggestions on Several Issues in the Selection of Accounting Firms", "Reconstruction of Audit Independence and Its Safeguard Mechanism", and "Towards High Quality Audit - Looking at the Future of Audit from the Great Debate of the UK Audit Industry" in journals such as "Chinese Certified Public Accountants".

During His tenure as a partner with audit firms, served as the lead audit partner of China Construction Bank, China Mobile Group, China Telecom Group, China Development Bank, Agricultural Bank of China, China Everbright Group, Bank of Communications, China State Construction Engineering Corporation, China Communications Construction Company, China Resources Group, China National Pharmaceutical Group, and China National Offshore Oil Corporation successively. Also led the IPO audit of Bank of Communications, China Cinda Asset Management, China Galaxy Securities and Agricultural Bank of China. The IPO of Agricultural Bank of China set the record of largest IPO then.

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