The Application Of Modern Risk - Oriented Auditing In Financial Fraud Audit

Since the21st century, rapid economic development, economic business is increasingly complex with the globalization, which makes the traditional risk-oriented audit mode has been difficult to adapt to the needs of the development of audit. Coupled with a large number of the outbreak of the financial fraud, especially the outbreak of management fraud, on the one hand, increased the difficulty of the audit, on the other hand, more highlights the limitations of the traditional audit mode. In this environment, the traditional application of certified public accountants audit mode has not found management fraud effectively, a large number of audit failure case by continual news media exposure, CPA’s professional competence Independence and credibility has been questioned, professional image and career development suffered unprecedented crisis. In order to restore public confidence in the audit service, restore the profession’s credibility, reduce public expectations of the audit result is poor, the auditing profession have to find a more scientific and reasonable audit mode, to reduce the audit risk.The international gradually developed the modern risk-oriented audit mode will surely effectively solve the problem of management fraud auditing. So we need to carry on the thorough understanding and analysis. Under this background, this article attempts starting from the domestic and foreign related research theory, analyze the modern risk-oriented auditing procedures in the specific audit practice, to deepening the knowledge and understanding of modern risk-oriented auditing, and identify factors in modern risk-oriented audit in the application, then give some suggestions, in order provide some reference for the application of modern risk-oriented audit in our country.This article mainly from the following six parts, framework and specific content is as follows:The first part, preface. Mainly elaborate the selected topic background and significance, literature review research ideas and methods.The second part, the modern risk-oriented audit and financial fraud. Mainly expounds the connotation of modern risk-oriented audit and financial fraud, and on the basis of the analysis of the modern risk-oriented audit’s advantages in the financial fraud audit, to explain the necessity using the modern risk-oriented audit in financial fraud audit.The third part, and the Lv dadi audit case analysis. First briefly reviewed the Lv dadi case with the whole process, and analyzes the accounting problems. Secondly, this paper analyzes the modern risk-oriented audit mode, should implement the audit procedures in the final analysis in the Lv dadi financial fraud cases, and analyze the main problems existing in the accounting firms in audit process.The fourth part, the modern risk-oriented audit in financial fraud audit the problems existing in the application. Based on the analysis of the Lv dadi case, the pate analyzes the restrictions of modern risk-oriented audit in the application for financial fraud audit practice.The fifth part, strengthen modern risk oriented in the applications of financial fraud audit countermeasures. In view of the modern risk-oriented audit in restricting factors existing in the financial fraud audit, put forward specific countermeasures, which can strengthen the modern risk-oriented audit in the application of the financial fraud audit.The sixth part, conclusion. To summarize the full passage, and points out the deficiencies of the article.