A Case Study On The Audit Failure Of Jinya Technology Company

From the case of cheating in Shenzhen plain events in 1992,the phenomenon of domestic audit failure first appeared in the world of public economic cognition,and then to the Yin Guangxia incident in the early 21 st century,Zhong Tianqin accounting firm with the highest business level in the industry withdrew from the historical stage of service industry,and then within a year,there were the audit failure cases of the Asia-pacific industry,Zhenlong specialty and Jiuhao group made public one after another.However,the international capital market from the beginning of the 21 st century,Xerox,Enron and Worldcom events to the nowadays Japan Toshiba,Weed F international,Alabama colonial bank and other fraudulent events.It can be seen that the audit failure phenomenon is not simply the collusion between the two sides of the audit firm,whether it is in the international or domestic capital market.We need to comprehensively and objectively analyze and study the audit failure cases to sort out more comprehensive and profound audit failure reasons and countermeasures.In view of the frequent outbreak of audit failure cases in China,this paper conducts the following research in order to analyze the causes of audit failure in a more comprehensive and in-depth way and improve the countermeasures against audit failure.Firstly,the research on audit failure identification in domestic and foreign literatures is sorted out,and the research results of domestic and foreign scholars on the causes of audit failure are summarized from the three aspects of the subject,object and execution environment of audit business.Then,according to the audit failure research scholars at home and abroad about the identification of audit failure,the study found the cognizance of audit failure mainly exist two viewpoints of "process view" and "result view".This paper reaffirms the concept of "process view" of audit failure and introduces three attribution classifications of audit failure and two contradictory service attributes of audit business.Moreover this article selects the most recent by Internet + era Jinya technology enterprise investment power technology company,and in recent years "problem,business to continue" Lixin accounting firm "create" audit failure cases as a research into the causes of audit failure cases and according to the CSRC punishment announcement unscrambles the enterprise of science and technology company and Lixin accounting firm in violation of performance;Based on the analysis of the causes of the audit failure cases of Jinya technology company,combined with the audit failure phenomenon in the domestic market,this paper finds that the lack of strength of enterprises,firms and regulatory agencies is the main cause of the audit failure.For this reason,starting from the formation mechanism of audit failure,this paper proposes countermeasures to avoid audit failure from the subject,object and practice environment of audit business.