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A Case Study On The Audit Failure Of DH Accounting Firm To JD Stock Company

Posted on:2021-04-27Degree:MasterType:Thesis
Country:ChinaCandidate:S XingFull Text:PDF
GTID:2439330626962710Subject:Accounting
Abstract/Summary:PDF Full Text Request
Because of the development of the capital market,the audit profession appears,and the audit report issued by the accounting firm affects the development trend of the capital market.However,since the event of Enron and Yinguangxia,the audit failure cases have been frequently exposed,accounting firms issued inappropriate audit reports,brought serious negative impact on China's capital market,accounting firms and certified public accountants ability has been questioned.So,analyze the causes of audit failure,and on the basis of targeted improvement measures,accounting firms to improve the quality of audit,reduce audit failure,which is of positive significance to all sectors of society.To reduce the number of audit failure occurs,in this paper,by analyzing the DH certified public accountants audit failure cases of JD co.LTD.,based on the related concepts and theories,on the basis of summarizing the DH certified public accountants audit failure problems,from the perspective of certified public accountants of internal and external,the author analyzes the reasons of audit failure happened,and put forward the corresponding suggestion,get the enlightenment from the case also helps to prevent other certified public accountants audit failure happened.The first part of this thesis is the introduction.This part describes the research background,research significance,literature review,research content and research methods of this paper.In the literature review part,it summarizes the main views of domestic and foreign experts and provides a basis for the expansion of the following article.The second part of this thesis is the case description.,firstly,it introduces the basic information of DH accounting firm and JD corporation,and then describes in detail the audit failure process of DH accounting firm on JD corporation.The third part is case analysis,firstly introduced the concept of audit failure and related theory,secondly analyzed the reasons for the audit failure from the accounting firm's internal and external perspective.On the one hand,the audit failure of DH accounting firm is due to the lack of effective industry supervision.On the other hand,it is due to the lack of preparatory work of DH accounting firm in the early stage of business undertaking,the substantive procedures of the cost items are not implemented in place,the defects of audit quality review system,the lack of independence of audit operation,and the deficiencies of riskawareness and professional skepticism of auditors.The fourth part is the suggestions and enlightenment,firstly,from the perspectives of regulatory authorities,accounting firms and certified public accountants,suggestions are proposed to reduce the occurrence of audit failure of DH accounting firms.Secondly,suggestions on preventing audit failure are proposed,which are of certain reference significance to other accounting firms.
Keywords/Search Tags:Audit failure, Accounting firm, Substantive procedures, Audit quality control
PDF Full Text Request
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