Abstract: There are different opinions about the cloud accounting since its emergence. Many people regard the cloud accounting as online accounting. Most people hold that the cloud accounting based on public cloud is unsafe and harmful to the enterprise’s internal control. These superficial views not only overshadow what the cloud accounting really is: comprehensive, safe, intelligent,but also make many people misunderstand the cloud accounting. Through researching a large number of documents and following the latest progress on technology and internal control,this paper gives a clear figure of the Cloud accounting,by which not only clarify the misunderstandings but also put forward countermeasures, in the hope that the cloud accounting will play a greater role in the future.

Key words: cloud accounting, misunderstandings, internal control, countermeasures