Case Study On Prevention Of IPO Audit Risk In R Accounting Firm

With the continuous development of our country's economy,the securities market is changing with each passing day,and many companies use listing financing as the development goal of the company.However,due to the incomplete development of China's securities market,the corresponding regulatory measures can not meet the development needs of the capital market,leading companies to be successful listing,beautifying their financial status and operating performance in the IPO process,increasing the risk of IPO audit.The repeated prohibition of financial fraud has greatly affected the healthy operation of China's capital market,and also threatened the interests of related personnel.It has also brought great negative impact on the auditing industry,and the credibility of CPA audits has continued to decline.Once the audit fails,the accounting firm will face not only the high penalties imposed by the Securities and Futures Commission,but it will also cause investors to have a serious distrust of the auditing industry,greatly affecting the healthy development of the auditing industry.Therefore,it is of important and practical significance to effectively prevent IPO audit risks,improve the quality of IPO audits,safeguard the legitimate rights and interests of investors,promote the smooth and orderly operation of the capital market,and raise the professional image of CPAs.This article starts with the risk of IPO audit,discusses the form and specific factors of IPO audit risk in many aspects,and introduces Z company's case for specific analysis.In the case analysis,from the perspective of the R accounting firm,the basic situation of the case was first sorted out,and the problems of the R accounting firm's prevention of risks in the audit process were discussed in detail,and the basic reasons for the failure of risk prevention were discussed.Based on this,it puts forward specific suggestions for R accounting firm to strengthen IPO audit risk prevention,that is,it can strengthen industry research,select IPO audit targets carefully,promote the effective operation of quality control system,enhance the ability of IPO auditors to practice,introduce complex talents,etc.Strengthen the ability to prevent IPO auditing risks.