Discussion On The Problems Existing In The Application Of Modern Risk-oriented Auditing By Ruihua CPA

The rapid development of the economy in the 21st century has also brought about some problems.Many world-famous companies have gone down the altar and went to the end of the collapse because of the financial fraud.The Western countries,led by the United States,began to formulate relevant laws,regulations and provisions on the risks of audit work,and put forward more stringent requirements for practicing auditors.China's auditing industry is currently facing similar audit risk issues,and relevant research discussions are also underway.Today,in the era of rapid economic development and changes,modern enterprises are faced with more complex and complicated problems.As a result,the risk of financial misstatement that enterprises pay too much attention will not meet the high quality requirements of the audit industry.To be transferred to the business risk of the company.This also reminds CPAs that the audited entity should not be regarded as an isolated subject,but should be based on a wide range of economic networks,both business operations and financial misstatement.At the same time,all walks of life have raised their concerns on this issue.Everyone has doubts.Professional auditors should do professional auditing work.At the same time,there should be a relatively complete work execution system.Why are there so many?The possibility of auditing risks?Some voices believe that management regulations may be no problem,but the executives of the rules are difficult to monitor in one place.Thus,the role of internal control is equivalent to failure,the rapid development of the economy,There are not too many audit errors,so the credibility of the audit industry has begun to be questioned to some extent.Among the many accounting firms in China,Ruihua CPA can be said to be the benchmark in the industry,but in recent years,many audit failure cases and violations have also been reported.In the implementation of the implementation of modern risk-oriented auditing in the country,Ruihua CPA took the lead and learned and improved in the audit work,but the results achieved were not satisfactory.In this way,we should summarize and reflect on how to improve the use of modern risk-oriented auditing,in order to receive more favorable results,help the accounting firm to make great progress,and the industry develops steadily.This study mainly uses case analysis method,supplemented by inductive summary and normative research methods,to explore the problems existing in the application of modern risk-oriented auditing,and summarize the shortcomings and suggestions.Firstly,it studies the related researches on audit risk,audit risk model and how the accounting firm conducts prevention and control of audit risk at home and abroad.Then,through in-depth understanding,it expounds the connotation and characteristics of modern risk-oriented audit,and modern risk orientation.The relevant theory of audit work development process and modern risk-oriented auditing is followed by an example of selecting the audit work of Ruihua CPA in G Radio and TV Co.,Ltd.,and discussing the specific work of the audit work process as a sample to explore modern accountants.The firm's implementation of audit work in combination with risk-oriented,first of all through risk estimates,found that the changes in the broadcasting and television industry market have increased the pressure on enterprises and the increasing demand for safe operations.Next,when assessing the overall audit risk of G Radio and TV,it was found that its basic TV subscription fee income,broadband service revenue and value-added service revenue depend on the more complicated digital TV operation support system(BOSS system),and the revenue is not included in the calculation.The inherent risks during the accounting period.As well as the G Radio and TV's private network agent construction business,when the revenue is confirmed,the relevant income is confirmed when the customer accepts the acceptance.There is a large audit risk,and the cut-off of the relevant income may have potential misstatement.Finally,the corresponding recommendations are given from three major levels,namely,the measures that should be improved in the process of auditing.The accounting firm should improve the measures to improve the risk prevention and control capabilities,and propose to strengthen the government and industry supervision system.These suggestions can help Ruihua CPA to better use modern risk-oriented auditing,which will ultimately improve the overall audit quality of Ruihua CPA and drive the progress and development of the auditing industry.