Research On IPO Audit Failure And Prevention

In this age of information explosion,the first stock issuance of fraudulent listings has frequently been exposed.Auditing is an important line of defense against financial fraud.However,in the IPO auditing phase,many auditing firms have not played an important part in their market economy supervision system.Due role caused the audit to fail.This article focuses on normative research and combines the full text of the case into five parts to study the causes and countermeasures of IPO audit failure.The first part,the introduction,mainly summarizes the research background significance,domestic and foreign literature and research ideas.The second part mainly discusses the concept of IPO audit failure and the theory used.The third part summarizes the current status of IPO audit failures and analyzes the causes of audit failures.The fourth part stands on the perspective of the accounting firm and the certified public accountant to provide corresponding countermeasures for the better identification of fraud in auditing and avoidance of risk prevention auditing.The fifth part analyzes the case of Zhenlong specialty IPO financial fraud,including the reasons for the audit failure and the enlightenment.This article summarizes the problems that may exist in the IPO auditing process of CPAs and the causes of audit failures.This article summarizes the possible problems and causes of audit failures for certified public accountants in the IPO audit process,mainly from the professional ethics of certified public accountants.The reasons for IPO audit failures are analyzed in three aspects:the CPA Business Standards and the Accounting Services Quality Control Guidelines.The specific reasons include that the CPA professional competencies need to be improved,professional skepticism and due attention is not maintained,and there are deviations in identifying and evaluating the risks of material misstatements.,Further implementation of audit procedures is not in place,and the quality control system is not perfect.And according to the reasons from various angles to put forward corresponding countermeasures.