Research On Audit Quality Of CPA Based On Case Study

With the rapid progress of globalization,the deepening of China's economic reform and the increasingly important role of independent auditing play a key role in the healthy and steady development of the capital market.It supervises the quality of accounting information from the outside,and the audit report issued by the accounting firm provides investment protection for the majority of investors.In recent years,financial fraud cases of listed companies in our country have been repeatedly banned.In particular,the cases represented by"Sinovel","Xintai Electric" and "Lianhua Gourmet Powder" have seriously damaged the order of capital markets and hit the confidence of investors.CPA audit failures also followed,resulting in a certified public accountant professional competence,independence and credibility are questioned,occupational image and career development suffered an unprecedented crisis.Auditing quality is an important factor to ensure the quality of financial information of the company.High quality audit report can restrain management's financial reporting and fraud.Therefore,the quality of auditing based on the auditing failure case studies the more realistic reference and application value.Based on the relevant theories of audit quality and influencing factors,this paper uses the classic case of sinovel auditing failure as a sample to deeply analyze the audit quality of certified public accountants and puts forward policy suggestions to further improve the audit quality.The article is divided into five parts:The first part is an introduction,which introduces the background and meaning of this article,reviews the research status and some achievements of the audit quality at home and abroad with the method of literature review,and expounds the content and framework of this article:The second part introduces the basic theory of audit quality and audit quality characteristics and proposes the criterion of quality of auditing;The third part analyzes the influential factors of the audit quality.This article analyzes the audit quality from three aspects of the external environment,accounting firms and certified public accountants.In terms of external environment,the paper mainly discusses the three elements of regulatory system,legal environment and market demand.In the aspect of accounting firm,it analyzes the impact of accounting firm on the audit quality from the scale,organizational form and quality control.In the aspect of certified public accountant,The maintenance of professional competence and independence affects the quality of audit;The fourth part introduces the financial fraudulent case of Sinovel,reviews the whole story of Huarui Wind Power Co.,Ltd.,and mainly analyzes Reanda Certified Public Accountants from the aspects of risk assessment,material procedure and professional ethics of certified public accountants problems with audit procedures;The fifth part focuses on the auditing risk of the Sinovel wind power project,and puts forward relevant countermeasures and suggestions based on the financial fraud cases of listed companies in recent years.The sixth part describes the research results and conclusions.The research innovation and contribution of this article lies in that objectively discusses the influencing factors of audit quality and the causes of audit failure from three perspectives:external audit environment,accounting firms,and certified public accountants from the perspective of audit risk orientation.The second is to absorb and learn from the existing on the basis of the theory and practice of sinovel auditing,this paper deeply discusses the problems of CPA and the firm in quality control and risk prevention and puts forward some measures to promote the improvement and optimization of the auditing industry.To better play the role of auditing in the process of economic development has a practical reference value.