Research On The Failure Factors And Prevention Of IPO Audit In Domestic Institutions

During the "Twelfth Five-Year Plan"period,the CICPA released five years(2016-2020)to optimize and improve the information structure,formulate system architecture standards and data exchange standards,and adapt to the new situation of"Internet+",but it is unique to China.The IPO audit system,IPO success generally means that the listed company has good development prospects,and the financial status of the company is not supervised by layers.Domestic enterprises use IPO methods to raise funds in the capital market,but the capital market is for the initial public offering.The stock requirements are relatively strict,and the company's income,capital,profit,and ability to continue to operate have very demanding requirements.Some companies have the motive for whitewashing financial statements in order to meet the listing requirements.The CPA is the "economic monitoring officer" and its duties.It is reasonable to ensure that the financial statements fairly reflect the financial status and operating results of the company in all major aspects,and bear civil liability to the shareholders of the listed company.However,due to some problems in the domestic capital in recent years,the domestic capital has been frequently affected by the IPO audit failure.Punishment,on the one hand,affects the reputation of accounting firms,On the one hand,it is not good for the capital market,especially the IPO projects that have received public attention.Since 2013,IPO projects have been frequently punished by the China Securities Regulatory Commission.The "listed for disease" companies have been questioned by investors,and the review of intermediaries has not fulfilled their diligence.Did not play its due role.Due to the inherent limitations of auditing,in order to avoid the impact of reputation and income brought about by audit failure.domestic capital should have a sense of risk.strengthen its own construction.and make domestic capital bigger and stronger.This paper first summarizes the research results at home and abroad.and analyzes the literature on audit failure and IPO audit failure at home and abroad.It is concluded that the gap in the current literature is from the perspective of the firm.The internal and external research on IPO audits has fewer failures,and the analysis of causes is relatively one-sided.For this reason,this paper intends to combine the cases of IPO audit failures from 2010 to 2017.and to sort out related theories and concepts.first analyze the IPO audit of domestic firms.In all cases of failure.when summing up the failure factors,the main methods are to study the Ministry of Finance's penalty announcement,the CSRC's penalty announcement,the Wind database,and compare the differences between the domestic and the four major accounting firms,and analyze the IPO audit of the domestic capital.The general factors of failure,and the factors are divided into internal and external aspects.On this basis,the general factors of the failure of Xinyong Zhonghe Certified Public Accountants are analyzed and verified,and the SFC's punishment announcements are also used to discover the problems existing in Shine Wing and These questions are proposed to help domestic companies improve their ability to practice and improve the quality of IPO audits.