Discussion On Audit Risk Control Of Shine Wing

In recent years,there has been a very fierce competition among accounting firms.Therefore,they need to plan their own development reasonably,and constantly adjust and correct their development goals,in order to deal with the current competition more effectively.Compared with foreign audit industry,China started later.However,with China's economy is in rapid development and growth,audit work has attracted more and more attention.Therefore,there are also many opportunities for the domestic audit industry.However,there are many scandals in the audit industry at home and abroad,such as the bankruptcy of Enron,which led to the bankruptcy of Andersen,an accounting firm that accepted its audit work.In addition,China's Zhong Tian Qin accounting firm has been punished by the CSRC.Not only the practicing qualification of the firm has been revoked,but also the relevant auditors have been punished.The reason for the punishment is that in the audit process of Yin Guang Sha Group,there is no effective estimate of audit risk,leading to audit failure.There are many similar events around the world,which cause the audit industry to receive more and more attention.In short,this is an era of opportunities and risks.Every firm needs to grasp the development opportunity and control the audit risk effectively.Shine Wing certified public accountants is one of the eight famous firms in china.According to the official website of the CSRC,the firm has not been punished for other events except for the audit project of Eigenvalue.Eigenvalue stock as the audit object,has falsified documents in the process of IPO,and the financial statements within three years after listing have certain procedures of falsification.However,Shine Wing did not give any audit opinions in the audit results of Eigenvalue.Therefore,the CSRC believes that this incident is a major dereliction of duty of the firm,and has given a serious punishment.Because the audit risk in this event is of certain research significance,this case is chosen to analyze the audit risk that may exist in the audit process,and to envisage reasonable and feasible preventive measures.At the same time,this case has certain reference significance for other small and medium-sized firms.This paper studies the possible audit risks by combining theory with case analysis.In the part of theoretical analysis,this paper explains the causes of audit risk of accounting firms and how to prevent and control the risk based on the relevant literature at home and abroad.In the case analysis part,based on the real case to analyze the various audit risks that may exist in the actual operation.At the end of the paper,a series of relevant suggestions are presented,including the introduction of compound talents,the establishment of management mode of team branch undertaking,the development of training related to accounting risk supervision and warning,the emphasis on information communication and progress report,etc.