Research On CPA Audit Quality And Countermeasures

Audit has come up to the word in response to the demand of economic development. When one group of people was entrusted with the property of another the necessity of attestation upon the fidelity of the former became apparent. The more developed the market economy is the more important the role of auditors becomes. As a key element of the social structure, the public accounting profession must make great effort to strengthen her standing in meeting the increased demands of the public. In doing so, keen attention should be paid to the quality of audits. Maintenance of audit quality is crucial to CPA firms and auditor because the primary services that they have to sell are their integrity, objectivity and professional judgment. As in China, more intensified competition among domestic and external practitioners. It calls for greater effort to consider the issue of ensuring and promoting the quality of audit performance to maintain the reputation of the profession. This paper focuses on the issues relating to the maintenance and promotion of audit quality. It intends to establish a quality assurance framework based on the analysis of factors that influence the performance of audits. The framework is composed of four subjects who are responsible for the overall audit quality matters, including the government, the professional organizations, CPA firms, and the individual Certified Public Accountings.This paper consists of four chapters. The first chapter of introduction outlines the motivation of writing this paper and the structuring arrangement of the paper. The reason I chose the audit quality control area as my paper topic is that I think this is an issue of theoretic value and practical interest to both the profession and the public. First, the issue of quality itself is an everlasting topic. And secondly the scandals of CPAs were involved have attracted the world's eyes and the reliability and credibility of the profession have been suffering serious criticism.The second chapter of introduction outlines the concept of audit quality, the quality characteristics of audit information and the constraints of audit quality. The constraint covers mainly two issues, the internal and external restrictive factors. The internal factors the professional standards and the achieving in the audit objectives. The external factors include legal, economical and political matters among which have the strongest influence on the audit profession.The third chapter of introduction outlines the concept of audit quality control, the quality characteristics of audit quality control. The audit quality control covers the control of the CPA firm, the individual accountant and the single program.The last chapter of introduction is confirmed by speculating the relationship of the evolvement of auditing and such essential key as the government, the professional organizations, the CPA firm and the individual accountant.In all, the government, the professional organizations, the CPA firm and the individual accountant need to work together for the effectiveness of the professional standards.