Dynamic Research On The Implementation Of Key Audit Matters In China's A+H Share Companies

The continuous development of the capital market and social economy has put forward higher requirements for the modern auditing industry;the continuous emergence of financial fraud cases has gradually weakened the public's confidence in auditing.At the end of 2015,the International Auditing and Assurance Standards Board issued a series of auditing standards to announce the beginning of the reform of the audit report.Under this circumstance,China complied with the trend of the international community and issued a new auditing standard No.1504 at the end of2016,requiring CPAs to communicate key audit matters in the audit report.The guidelines were first implemented in the A+H stock market.It is now three years since the first disclosure.How is the implementation of the guidelines and whether it has achieved the expected results? These issues deserve our attention.Based on this background,this paper is based on the data of China's A+H share companies during the three years from 2016 to 2018.The key audit issues are divided into two levels: the issue segment and the response measures segment,with a focus on the trends of each data.First,the industry distribution of A+H companies is discussed,and the reasons for choosing them as samples are presented.Using the information correlation theory to conduct specific analysis,focus on the three dimensions of quantity,specific content and change trend for the item segment,and draw conclusions that the key audit items are related to the industry,and the change of the firm will greatly affect the key audit.matter.The focus is on the type,the degree of adhesion to the matter,and the change in the firm.It is concluded that there are certain links between the response measures and the issues,and changes in the firm will also affect the response measures.After that,this paper combines theoretical analysis and data results to discuss the implementation of key audit issues in China in the past three years,to study the possible problems and the causes of the problems.The fixed mode,low-level response measures,and poor communication with management are The main three questions.Finally,in this paper,the improved measures and suggestions are put forward for the problems.From the perspective of CPA,attention should be paid to the language expression and report quality.From the perspective of the firm,quality control,personnel training and internal communication should be strengthened.