Listed Companies Audit Failure Problems Research

The characteristics of modern enterprises is separation of ownership and managerial authority is not directly involved in the day-to-day operations of the business, but to hire professional managers to manage. As the owner of the enterprise, in order to ensure the normal operation and its investment assets continue to profit, need to enterprise’s business activities and financial position to make accurate, comprehensive and timely. However, under the condition of the separation of ownership and management rights, business owners and managers, there are serious information asymmetry problem between in order to prevent the fraud behavior of professional managers, to reach the company owner understanding of corporate financial information, the certified public accountants audit management fraud as a defense against the accounting information distortion and "last line of defense", its value will be highlighted. This "line" seems to be perfect, however, there is also a failure, on the capital market in recent years almost all major financial fraud and audit failure, this undoubtedly brings to the development of the auditing profession. Therefore, the research on the question of audit failure is an important subject.This paper mainly adopt the method of case study, and is divided into five parts to audit failure problems for research. First of all, from the perspective of the research background and research significance, summarizes the relevant research results of audit failure, scholars both at home and abroad and puts forward the logical framework of this article. Then the definition of audit failure, summarizes relevant theories, to deepen the understanding of the question of audit failure, combined with a theoretical foundation for the later practice. The third and fourth part is the research emphasis of this article, the main means of fraud, the penalty for Na Fang shares are reviewed, analyses the existing risk assessment in the process of the certified public accountants audit insufficiency, the questions of insufficient analysis, and further analyzed the reasons lead to audit failure in three aspects:did not identify the fraud motivation of listed companies, accounting internal control is weak, and lack of external regulatory penalties. Result from case study to get inspired, from three aspects of audit failure problems are proposed:to prevent from the Angle of audit risk identification is put forward the evaluation of audit risk and prudent to undertake business, pay attention to the listed company’s fraud motivation, fraud means Suggestions; From the perspective of certified public accountants internal control auditing procedures, comply with the auditing standards, the Suggestions to improve the audit technology, cultivating compound talents; From the perspective of external supervision put forward integration of regulatory resources, establishing the audit team, perfecting laws and regulations, establish credit files.