Research On Audit Risk Of ZT Accounting Firm

With the improvement of the quality of life and the development of information and communication technology,the online travel industry has risen rapidly,attracting a large amount of capital to invest in online travel market.However,the barriers to entry for the online travel industry are low,costs are low,and there are many companies in the market,which has created more auditing needs.In the past,the clients of accounting firms were almost all traditional enterprises.The audit experience of “Internet +” companies such as online travel is not sufficient,and it is easy to ignore the unique risks of online travel companies.Therefore,this article carefully analyzed the audit risk of ZT accounting firm on TN online travel company.In theory,it summarized the characteristics of online travel audit risk;in practice,it provided guidance for the accounting firm to prevent audit risk.This article writed from the perspective of accounting firm.Through descripting the introduction of situation of ZT accounting firm and TN online travel company,the article analyzed the specific performance of audit risk from major misstatement risk and inspection risk.According to the specific performance,explored the main causes of audit risk from the perspective of accounting firm and auditors,Put forward the suggestion of ZT accounting firm to prevent audit risk.This article usesd the literature research method to carefully read relevant literature at home and abroad,learnt the theory of audit risk,used comparative research method to compare and analyze the characteristics of the audit risk of online travel industry,which different from the traditional industry.Used case analysis method,taking TN online travel company as a typical representative,analyzed its audit risk performance,causes and preventive measures.First of all,the article introduced the audit risks and related issues of online travel companies,introduced the corresponding theoretical basis.Secondly,introduced the basic information of ZT accounting firm and TN online travel company.Based on the basic information,the audit risk of TN company is explained from major misstatement risk factors and inspection risk factors.Thirdly,it analyzes the cause of the audit risk of TN company,and discusses it from the perspective of the firm and the auditors.Finally,corresponding to the causes,provided suggestions for ZT accounting firm to prevent TN company's audit risk.Through a detailed analysis of the audit risk of ZT accountingfirm on TN online travel company,it was concluded that the audit risks brought by the complex business models,open network systems and huge electronic data of online travel companies should be taken seriously.Accounting firm should strengthen professional training of auditors,improve their professional competence in auditing and computer skills,improve audit software functions,establish relevant audit specifications within the firm;auditors should increase their emphasis on electronic data,adopt advanced Auditing techniques and methods evaluate network information systems and electronic data to improve auditing efficiency and reduce auditing risk faced by CPA.