Case Study On Financial Fraud Audit Of Zhen Long Company

The separation of corporate ownership and control in modern society,prompted the audit,the auditor is the owner of an enterprise for the management of the enterprise's economic activities,please monitor,evaluate,review,verification,so there is accountability relationships between auditors and shareholders.As independent of the company's third party institutions and personnel,the supervision of certified public accountants and auditors to "economic police" the responsibility of the economic market,should be to the public,shareholders,local governments,and regulatory agencies responsible for,so they bear the audit responsibility.However,in recent years,with the development of the securities market,some frauds have been staged.In foreign countries,the famous enron event caused the collapse of Arthur Andersen,one of the big five international accounting firms.At home,the famous green land fraud scandal also forced shenzhen pengcheng accounting firm to be dissolved and merged into his office;In addition,fu-sheng wan,abandonment,the new earth,day abundant energy,such as the outbreak of the fraud,make the public's trust in the firms and certified public accountants dropped,firms and certified public accountants not only damage on reputation,especially in the legal liability legally to be punished.All of these make people pay more and more attention to the auditor audit responsibilities,many scholars also turned to the audit responsibility research,how to define the certified public accountants audit responsibility and should take what kind of certified public accountants audit responsibility is the focus of discussion.According to scholars,the audit responsibility is divided into two parts,namely,auditing professional responsibility and auditing legal responsibility.This requires public accounting firms and certified public accountants should not only serious cautious on professional attitude,and in the actual execution of business activities will strictly follow the laws and regulations,do the laws,the barriers.The article firstly introduces the paper selected topic background and significance of topics,through the book reading and sorting,some experts at home and abroad that the theoretical basis of the audit responsibility,including the audit responsibility connotation and classification,the formation of the audit responsibility foundation,principle and the basis for judging the audit responsibility,certified public accountants of fraud in the financial statements audit responsibility defined,and the public accounting firms and certified public accountants audit responsibility relation and distinction between analysis.Secondly,combining with the vibration long company audit failures,is certified public accountants and the certified public accountants audit responsibility,the cause of formation of audit responsibility definition,influence factors of audit responsibility and audit responsibility in case of problems are analyzed.Finally,the author summarizes the full text and gives some Suggestions for the existing problems of auditing industry in China.Article USES the literature analysis and case analysis,found the problem,to question,to solve the problem,and combining with practice,focus on analyzing the problems existing in the audit responsibility in the case,and puts forward their own solutions for problems,and radiation national audit industry,aiming at the problems existing auditing profession enlightenment and Suggestions are given.It is hoped that this article can supplement the relevant theories of audit responsibility,and enlighten future generations.