Case Study Of Yatai Holding Group Audit Failure

With the continuous development of China’s capital market,the importance of financial information has become increasingly prominent.However,with the observation of China’s capital market,it is not difficult to find,as the audit of financial information audit is becoming more and more difficult to play its due function,and the fact that financial information can’t reflects financial and real business situation will eventually lead to the losses of investors’ interests.Therefore,it is of great practical significance to improve the audit quality and reduce the audit failure to control the financial reporting fraud of listed companies.Hainan Yatai holding group through false disclosure in five consecutive years,its whitewash statements,temporarily escaped punishment by "ST",and as the audited financial information Ruihua CPA is a process in which there is no as the case as a typical case of audit failure cases,from various angles reflects China’s current in all kinds of defects and deficiencies of the governance of audit failure.The case of audit failure after reorganizes,through a combination of internal control and enterprise industry background,the case background and financial data analysis,from the practical perspective,to explore the specific performance of audit failure and improvement measures;then from three angles of accounting firms,enterprises and market environment,firms classified related reasons the audit failure,and the impact of audit failure be;based on the reasons of audit failure,from the firm,puts forward the countermeasures to improve the audit quality of the three aspects of the enterprise and the market environment,the fair market to provide a useful reference to protect the interests of investors and safeguard in such financial fraud events China’s capital market,and promote the healthy and orderly development.