Case Study On Audit Quality Control Of Accounting Firm A

With the development of economy,there is a growing demand for the audit industry,while the auditing environment is increasingly complex.Financial statement information users pay more and more attention to the information disclosed by the company,which also makes customers have higher and higher requirements on the quality of audit reports.In recent years,the frequent financial falsification of listed companies has made users of financial statements distrust the audit reports issued by accounting firms.This is undoubtedly a threat to the development of accounting firms.Therefore,for accounting firms,how to improve the quality control of accounting firms,improve the quality of audit,and enhance the confidence of statement users in the audit report has become a major issue facing the current firms.Accounting Firm A,as a leading position among domestic accounting firms,is the first one to transform from limited liability firm to partnership firm in China.It has high public influence and industrial status in China.According to the relevant provisions of laws and regulations and auditing standards,this paper analyzes the current situation of accounting firm A from the perspective of six elements of audit quality control,and finds that audit quality control of accounting firm A has the following characteristics: risk assessment execution before business undertaking is not in place,not perform adequate and appropriate audit procedures,the audit report issued has false records,etc.This paper analyzes the causes of these defects,and put forward accounting firm A should improve audit quality consciousness,and improve the relevant systems of the audit quality control,strengthen the management mechanism of the branch offices,standardize the management of human resources,and eventually establish an auditing quality-oriented accounting firm.This paper has the innovation on the research object and research way,by an accounting firm level as the research object and from the perspective of six elements of audit quality control,makes the research more targeted and practical,but this paper has certain limitations in the study,caused by acquaint imperfectly as well as incomplete analysis of the internal business.