Analysis And Improvement Of Key Audit Matters In WUYIGE Certified Public Accountants

On December 23 2016,the Ministry of Finance issued 12 auditing standards for Chinese certified public accountants,including communicating key matters in audit reports,among which auditing standards for Chinese certified public accountants No.1504-communicating key matters in audit reports(hereinafter referred to as key auditing standards)is known as the pearl on the crown of the reform.The standards for key audit matters were implemented in batches.From January 1 2017,they were first implemented in A+H stock companies,and fully implemented in listed companies from January 1 2018.As of April 30 2019,the standards for key audit matters have been implemented for three years.Although the industry has responded well,there are still many problems in practical application,and the implementation and disclosure effect of the standards for key audit matters in practice There are few studies on fruit and its improvement.Based on the relevant theory of key audit matters,this paper focuses on Daxin firm,analyzes and improves the key audit matters disclosed by Daxin firm.Taking 260 audit reports issued by Daxin firm in 2017 and 2018 as research samples,this paper uses comparative analysis method to study the disclosure quantity,type,form,confirmation reason and audit response of key audit matters from multiple dimensions.In this paper,we find that the disclosure types of key audit matters of Daxin firm are highly concentrated in revenue recognition and asset impairment.Further research shows that the actual content of high-frequency matters disclosed is abnormal homogeneity.The reasons for recognition and audit response of disclosure are mostly standardized statements,which are not disclosed according to the specific circumstances of the audited unit,and the real important information is less,and the key audit matters disclosed by the same auditee within two years have a high degree of repetition,so there is a problem of limited disclosure information content;in addition,there is a problem of lack of comprehensibility of disclosureform and content and lack of integrity;then,according to the relevant theories of key audit matters,this paper summarizes the reasons for the imperfect disclosure of key audit matters by Daxin firm There are three points: first,the communication between the certified public accountant and the management of the audited unit is not coordinated;second,the professional judgment of the certified public accountant is not accurate;third,the quality control system of Daxin firm is not perfect;finally,according to the existing problems and the causes of the problems,the paper puts forward targeted suggestions for improving the disclosure of key audit matters of Daxin firm.It is hoped that the research of this paper will be helpful for Daxin office and its practitioners to disclose the key audit matters in the audit report,and then improve the information content and decision-making usefulness of the audit report,so as to achieve the original intention of the audit report reform.