On November 13^th, the 189th academic seminar of the CCGAR Biweekly Forum was held jointly by Center for the China’s Governmental Auditing Research (CCGAR) and the School of Management, Lanzhou University (LUSM). The forum aims to serve the construction of accounting and auditing discipline and Lanzhou University is its fifth stop of “CCGAR Entering the National University Action Plan”. More than 150 guests from over 50 universities and institutions, including Shanghai University of Finance and Economics, Wuhan University, Ocean University of China, Yunnan University, Nanjing Audit University, Harbin Engineering University, Tianjin University of Finance and Economics, Lanzhou University of Finance and Economics, Southwestern University of Finance and Economics and Lanzhou University, participated in this forum online.

Professor Cai Chun, director of CCGAR said in his speech that he was very happy CCGAR entered its fifth stop and the 189 issues of the biweekly forum could be held at Lanzhou University as scheduled. He commented that the discipline construction of LZU has its own characteristics, providing a good platform. CCGAR is committed to strengthening and promoting the innovation and development of audit theory, focusing on the theoretical innovation and development in the field of national audit and government audit. The Center is an open platform to serve the discipline construction, talent training and scientific research of colleges and universities. It is hoped that the CCGAR Action Plan of Entering Universities will continue to be held in more colleges and universities in the future. On behalf of CCGAR, he thanked LUSM for its strong support.

Professor Zhang Guoxing, associate dean of LUSM attended the forum and delivered a speech on behalf of LUSM. He said that it is a great honor for Lanzhou University to become the fifth stop of the National University Action Plan of CCGAR, and expressed the warmest welcome and sincere greetings to all guests, experts, scholars and students. Prof. Zhang introduced the history, discipline setting, faculty and scientific research development of Lanzhou University and School of Management. He believed that the four thematic reports of this forum would make important contributions to expanding research in the field of accounting and auditing.

The first half of the session was presided over by LUSM associate professor Wang Lei, who is also the head of accounting division. He introduced and thanked Professor Xiao Tusheng and Professor Sun Yan for attending the forum. Professor Xiao delivered a report entitled "auditor industry coverage and professional prudence". He believes that many audit failures may be closely related to the auditor's lack of due or adequate professional prudence. From the perspective of expanding the concept of "auditor industry vision" and auditor's "cognitive deficiency", he pointed out that the experience and cognition of different industries can alleviate "cognitive deficiency". For more complex customers and more uncertain environments, the impact of industry scope on audit adjustment is more obvious. In addition, the influence of industry scope on audit adjustment is more significant for experts than others, which is consistent with the view of industry specialization and industry scope complementation.

In her speech, "Experimental Research in Accounting and Auditing: Practice of Chinese Scholars". Professor Sun Yan systematically analyzed and sorted out the experimental research papers in the field of accounting and auditing published by Chinese scholars in major journals at home and abroad, explained the main advantages of experimental research in the field, and made a detailed analysis of classic research topics.

The second half of the forum was hosted by Ma Ning, associate professor and director of MPAcc program of LUSM and the first speaker was associate professor Lin Wanfa. " Titled “Pricing Distortion of Bond of Zombie Enterprise and Efficiency of Resource Allocation: An Interpretation Based on the Perspective of Financial Decentralization", He said in his report that compared with non-zombie enterprises, the credit spread of zombie enterprises' debt issuance was lower, and the negative degree of the primary and secondary market spread was greater. In addition, financial decentralization is an important reason for the preference of bond market issuance to zombie enterprises. Pricing distortion is more serious when the financial health is worse, the government's financial control is stronger, and the fundamentals of enterprises are worse.

With her report entitled "Improvement of R&D expenditure presentation and investor investment judgment - an experimental study", the second guest, Dr. Yang Xiaojuan pointed out that when R&D expenses are presented separately and the amount of R&D expenses is high, the investment attraction judged by investors is higher; When the amount of R&D expense is high and the presentation format of R&D expense decompose, investors judge that the investment attraction is higher and vice versa. Dr. Yang believes that the impact of presentation format on investors' investment attraction is determined by investors' perception of the clarity of information about R&D costs and investors' perception of the company's development potential.

The forum was concluded by LUSM Professor Luo Jinbo and Professor Yu Haizong, vice director of CCGAR. Prof. Luo expressed appreciation for the participants and said that the four reports provided a new perspective on understanding the research in the field of accounting and auditing.

Professor Yu made a speech on behalf of CCGAR. He expressed his heartfelt thanks to the keynote speakers, scholars and organizers who worked hard to successfully hold the event. He said that the reports presented by the four keynote speakers were brilliant, which played an important role in enriching research in accounting and auditing related fields and hopes that all scholars will participate in more relevant academic activities held by the Center, and forecasted the next forum" to be held in Yunnan University of Finance and Economics on November 18-19 and invites guests to participate actively.