Research On Audit Quality Control System Of Z Accounting Firm

In recent years, China’s accounting firms has been growing rapidly by absorbing merger or the newly established branch and other forms of scale expansion, and also by the organization reform of special ordinary partnership. But on the other hand,financial fraud of the listed companies and audit failure of the related accounting firms also emerge in endlessly. This kind of cases seriously affected the firm’s brand, reputation and even the qualification of securities service business.To strengthen the construction of accounting firms’ audit quality control system has become the inevitable demand of current independent audit industry to achieve of connotative development and growth.To enhance the professional quality control of certified public accountants, the Chinese Institute of Certified Public Accountants has established relevant quality control standard, which propose the principle requirements on the quality control policies and procedures of accounting firms, at the same time, the Institute organizes quality inspection on accounting firms every year. The research on audit quality control system of Z accounting firm is based on the review and summarizes of related literature and theory at home and abroad, according to the six aspects of control requirements from the quality control standard which is the leadership responsibility, professional ethics, business acceptance and maintain, human resources, business execution and monitoring, and combined with the author’s practical experience to participate the inspection work of CICPA in 2014. Through analyzing the audit quality control system of Z accounting firm systematically, this article dissected the existing problems and deficiencies. Finally, drawing the conclusion that Z accounting firm should strengthen the construction of quality-oriented culture, realizing the unity of human resource allocation and management, strengthen the audit project process control, concentrate monitoring efforts, and promote modern information system construction to improve its audit quality control system. At the same time, according to the result of quality inspection of CICPA in recent years, the problems existing in Z accounting firm have certain universality in other accounting firms with securities qualification. Therefore, this paper hope the case analysis of Z accounting firm may provide reference to other accounting firms with securities qualification to improve its own audit quality control system.