Research On The Disclosure Of Key Audit Matters Under The New Audit Standards

On December 23,2016,the Ministry of Finance issued the Notice on Printing and Distributing 12 Guidelines for the Auditing Standards for Chinese Certified Public Accountants No.1504-Communicating Key Audit Matters in Audit Reports(Accounting [2016] No.24).Provisions Since January 1,2017,the new audit reporting standards have been implemented in A+H companies and H-share companies audited in accordance with the Chinese CPA Auditing Standards,and will be fully implemented on January 1,2018.As of April 30,2018,the new audit reporting standards have been implemented for more than two years.From the perspective of industry response,the audit report after the reform has been improved by the majority of users due to the improvement of information content and other aspects,but The newly issued audit report still has many problems in practice,and there are still few studies on the implementation of the latest audit report guidelines and the effectiveness of disclosure and its improvement.This paper mainly analyzes and discloses the disclosure of key auditing matters under the new audit reporting standards.Taking Price water house Coopers Zhong tian Certified Public Accountants as an example,it manually collects the new audits issued by Price water house Coopers Zhong tian Certified Public Accountants in 2016 and 2017.Reporting data,summarizing and summarizing the key auditing matters involved in the aspects of disclosure quantity,classification,industry distribution,confirmation reasons,evaluation of management work,design expert work,and disclosure form and integrity.And analyze the influencing factors of the number of disclosures of PwC's key audit matters from the perspectives of audit fees,audit term and solvency of audited entities.According to the analysis and demonstration process of PwC key audit matters disclosure characteristics,Case enlightenment,and in response to PwC's problems in the disclosure process,from the perspective of auditing industry self-discipline and strengthening external supervision,it provides suggestions for improving information disclosure of key audit matters.