Application Study Of Confirmation Auditing Procedures

In recent years,audit failure cases have occurred frequently,and it is found that the specific problems of audit failures can be found.The frequency of failure of the certificate audit procedures is extremely high.This paper first summarizes the issues related to the letter of credit procedure in the administrative punishment decision of the accounting firm in the past five years.Through this summary,it can be found that the invalidity of the letter is universal in the audit failure case.Secondly,through the form of questionnaires,the opinions of the first-line auditors on the processing of the letter-issuing business by the inquiring party are collected.After analysis,it can be seen that there is room for optimization when the inquiries perform the certificate business.In the end,this paper selects the typical case of the audited Jiuhao Group of Lianda Certified Public Accountants,analyzes the specific failures of the letter-certifying procedure in the audit failure case,and finds that the CPA has many problems such as insufficient independence in the process of the implementation of the letter-certifying procedure.In the following discussion,the author summarizes the problems obtained through the above analysis.From the perspective of accounting firms,the failure to strictly maintain the independence of the external auditors,the lack of suspicion of practice,and the lack of professional competence will lead to the invalidation of the letter of credit;from the perspective of the audited entity,it is in line with the work of the CPA and the motive of fraud.Unrecognized will lead to the reduction of the efficiency of the letter and the distortion of the information of the letter;from the point of view of the inquiring unit,the process of handling the letter business is cumbersome,and different rules for handling the same business between agencies will make the process of the letter difficult to control.And the reduction in audit efficiency.By analyzing the causes of the above problems,this paper puts forward feasible suggestions for the participants in the letter auditing procedures:the accounting firm strengthens the business norms and improves the training system;the inquiries strengthen the understanding and unify the rules;Enthusiasm and improve internal control.In addition,relevant regulatory agencies should continue to improve industry norms and implement institutional reforms.It can promote the application of information technology in the current audit work process,draw on the experience of other countries,and promote the construction and promotion of the Internet centralized letter processing platform.Through the above methods,it is believed that the efficiency and effectiveness of the CPA audit procedures can be significantly improved,and the occurrence of audit failure cases is greatly avoided.