Research On The Failure Of Fraud Audit Of Listed Companies And The Countermeasures Of CPA

With the gradual development of my country’s capital market,by the end of 2020,there were more than 3,800 listed companies in the market.Compared with foreign markets,my country started late and the relevant system is not perfect.Various factors have led to frequent occurrences of financial fraud by listed companies.With the continuous updating of counterfeiting methods,audit risks gradually increase and audit failures occur frequently.This series of phenomena has already aroused strong concern from relevant government departments,relevant investors,other members of the public,and the accounting community.After sorting out the administrative penalties for accounting firms disclosed on the website of the China Securities Regulatory Commission,there were as many as 32 cases of administrative penalties in 2010-2019.After analyzing the reasons why the CPA firm accepted the punishment,it was found that there were many incidents of punishment and warnings due to failure to maintain due professional suspicion.Due to failure to identify possible fraud,the final proportion of audit failures was higher Big.Therefore,from the perspective of CPA: how to reduce the audit risk due to hidden fraud and reduce audit failure has become an important problem to be solved urgently.So far,most scholars in academia have made detailed analysis of the reasons after the failure of the audit,and based on the problem points,some corresponding measures on industry supervision,audit procedures,audit standards and quality control processes are given.Based on some remedial measures and enlightenment at the hardware level,there is a problem of lag,and the effect on improving audit quality is not very obvious.After a summary analysis of a large number of cases,it is found that many cases of audit failures are caused by the lack of professional prudence in the CPA audit process and failure to identify inconsistencies between the before and after audit relations.In previous studies,few studies have combined accounting and business logic to build a risk prevention system.Therefore,this paper proposes to construct an analysis framework of two logical lines of accounting and management.Emphasis on back-and-forth auditing helps CPA to better identify risks,supplement and reduce the original audit strategy,and the possibility of audit failure.This article makes an in-depth analysis of the typical audit failure case of St.Leida,analyzes its concealed means in financial fraud,and finds the logical thinking loopholes in the CPA audit process,and finds that the deep reason for its audit failure is due tofailure Ability to check and analyze business and financial data.Based on this,a two-level and four-dimensional audit analysis framework is proposed to help CPA better identify audit risks and reduce the possibility of audit failure.Based on the analysis framework,specific audit countermeasures are proposed for CPA to enhance risk awareness and improve audit quality,including: improving the logical logic loopholes,establishing appropriate audit expectations,increasing financial sensitivity,improving audit practice capabilities,and flexibly implementing audit procedures.This audit framework has laid a certain theoretical foundation and data model for the future big data audit framework;at the same time,it has added a new idea to the CPA during the audit process to prevent audit risks from a holistic perspective and improve audit risk reduction.Audit quality plays a positive role in promoting it.For the entire capital market,it is conducive to enhancing the external oversight role of audits,enhancing the credibility of audit results,providing a reliable basis for external investors’ objective evaluation,thereby improving the investment environment of the entire capital market,purifying the bad atmosphere,and making capital The environment develops healthily.