Research On The Certified Public Accountants Audit Failure

Since the reform and opening up,China's CPA auditing industry has been developing rapidly.However,due to China's special national conditions and the imperfect market economy,the development of CPA auditing industry has been restricted by many factors.However,it is undeniable that the status of certified public accountants in the economic development process of our country is getting higher and higher,it has assumed the role of "prosecutor",the certified public accountants escort the development of China's economic system is becoming more and more perfect.In today's society,the increasing competition of the market economy,science and technology are rapidly changing,enterprises as an important part of market economy,with the economic development,social system,and factors related to business goals,constantly produce corresponding collision,finally,the development of socialist modernization of our country has important influence.In the process of auditing,certified public accountants will publish audit reports that are inconsistent with the financial status of the auditees due to many factors,leading to audit failure.This paper combines theoretical research with case analysis,takes Huaiji Dengyun auto-parts(Holding)Co.,ltd.audit failure case as the center of xinyong and accounting firm,and discusses it from four Parts.Firstly,based on the research background and significance of audit failure,this paper sorts out the previous studies of scholars,and then introduces the research ideas and methods of this paper.Literature review method and case study method are adopted to carry out the research,and the influencing factors of audit failure of certified public accountants are analyzed.The second part is an overview of the theory of audit failure,the definition,causes and consequences of audit failureHas carried on the introduction,and the following elaboration in this paper lays a theoretical foundation.The third part studies the audit failure of certified public accountants by xinyong zhonghe accounting firm.In this part,after introducing the situation of xinyong zhonghe accounting firm and dengyun shares,the financial fraud of dengyun shares and the performance of the audit failure of dengyun shares by xinyong zhonghe firm are explained in detail,and the specific consequences of the audit failure are analyzed.From two aspects:auditors and auditees delve into nobunaga neutralization of cloud shares the reason of audit failure,nobunaga and public accounting firms and certified public accountants reasons mainly nobunaga and certified public accountants to cloud shares risk assessment does not reach the designated position,signature CPA lack of due care and professional skepticism,quality control,implementation does not reach the designated position,accounting firms,industry competitive regulation problems;The main reasons are serious financial fraud,weak internal control and defects in corporate governance structure.Finally,based on the global perspective,this paper analyzes the specific factors affecting the audit failure of certified public accountants in this case.This paper discusses the whole auditing process from the perspectives of accounting firms,the auditees and the auditing practice environment,analyzes the specific reasons leading to the audit failure,and puts forward specific countermeasures for these reasons,so as to reduce the audit failure of certified public accountants in the auditing process.