N Auditing Quality Control System Of Certified Public Accounting Firms

Since the 40 th anniversary of policy of reform and opening up,China's economic reform has made great achievements,and the market economy has achieved an all-round and systematic overall transformation.As an important part of the high-level service industry,accounting firms and certified public accountants play the role of “economic police” and “capital market gatekeepers” in economy.However,whether it is from the Ministry of Finance,the Chinese Institute of Certified Public Accountants and other institutions' results of examination,or from the actual perception of the market,the "gatekeeper" did not keep the gate.The market role which accounting firms should play is still not in right place,and the overall quality of auditing is not high.It can be seen that the continued attention and research on the audit quality control of accounting firms is still a major issue at present.This paper takes case analysis as the research method,selects the Y accounting firm as a sample,combines the accounting supervision and inspection of the accounting quality of accounting firms in various departments in China,analyzes the development and current situation of the audit quality control system in detail,and discusses the accounting affairs,finds the problems in the design and operation of the audited quality control system which are common and individual,and proposes an all-round suggestions.This paper believes that the overall situation of audit quality control in China's accounting firms is generally not good.The specific problems are the design of the audit quality control system is flawed,the relevant standards are not strictly benchmarked,the rules are too principled and not detailed,the supporting liability system is not useful,which results in the failure of the main responsibility.Due to price control,the bargaining power of accounting firms was suppressed,and the market price mechanism was distorted,which triggered a series of chain reactions.It should be improved from business execution,quality evaluation and monitoring,internal environment and conditions.The improvement of business execution is to optimize confirmation of balance procedure,physical inventory count procedure and etc.The improvement of quality evaluation and monitoring is to optimize the monitor of the audit work.The optimization of internal environment and conditions is to promote the audit information construction of accounting firms,establish an income distribution mechanism that matches the labor intensity,make employees feel a sense of gain,and build a three-in-one staff continuous education system of skills training,experience exchange and self-learning,and imply the quality of the responsibility of the intern's management system and so on.The external environment for business of accounting firms is to imply the reform of “transforming government functions”,reduce the government's micro-intervention in the accounting firm industry,build a “Internet + audit” public service platform,and revise relevant laws regulations and auditing standards,and establish an auditing quality mutual evaluation system and communication system for accounting firms.The main innovations of this paper are: from the perspective of research,the data of the accounting quality examination of accounting firms is from the Ministry of Finance,the China Association for the Advancement of Investors,etc.Evaluating the auditing quality control system of China's accounting firms in a perspective way,and highlighting the main problems of the audit quality control system of China's accounting firms through the analysis of typical case;Theoretically,it is necessary to pay attention to the key factor of responsibility system,and to strengthen the responsibility systematically improve the achievability of quality control theory;In terms of suggestions,it pays more attention to systemic and comprehensive,and proposes to cancel government pricing guidance,regards strengthening credit quality supervision as a key to optimize the quality control system and execution of accounting firms,inspires the accounting firm to optimize the audit quality control system,and provides sufficient space for the efficient operation of the system of implementation of the audited quality control system;according to the three sections of business execution,quality evaluation and monitoring,internal environment and conditions,aiming at elements of audit quality control and putting up with method of process,technique environment and culture to improving audit quality control of accounting firms.