Research On Audit Risk Management Of Liaoning XH Accounting Firm

With the continuous development of China's economy and capital market,the demand for audit business is gradually expanding,and the number of accounting firms is increasing every year.The audit work of accounting firms has made outstanding contributions to the stability of capital market and the provision of reliable information for investment.However,with the increasingly prosperous market environment,the audit risk is increasing.The emergence of audit risk,on the one hand,is due to the increasingly complex operating environment of the market,the continuous strengthening of our country's supervision,corporate fraud is also more diverse.On the other hand,due to the increasing number of accounting firms,in order to get audit work,low price competition is common in the audit industry.In the face of increasingly difficult audit work and fierce competition in the audit industry,China's accounting firms should strengthen their own strength,increase the strength of audit risk management,and carry out audit work under the condition of ensuring good faith,so as to make China's audit industry develop in a better direction.Compared with the four major foreign accounting firms and the eight major domestic accounting firms,China's small and medium-sized accounting firms lack professional auditors,the implementation of audit procedures in the audit process is not in place,and the ability to identify and respond to audit risks is poor,which requires more systematic methods to deal with audit risks.Therefore,this paper takes Liaoning XH accounting firm,a small and medium-sized accounting firm,as a case study,and makes an in-depth study on the audit risk management of the firm.By using the method of questionnaire to identify the audit risk of Liaoning XH accounting firm,then using AHP to determine the weight of the identified audit risk,finally using the fuzzy comprehensive evaluation method to score the audit work and audit risk factors in each stage,and ranking according to the score.Through the quantitative analysis of the current situation of audit risk management of Liaoning XH accounting firm,it is concluded that the overall audit risk of the firm is in the range of low-level risk to medium-level risk,but closer to the medium-level risk needs to take certain measures to control.Through the calculation,it is also concluded that the audit plan of the firm is extreme and the implementation stage of the audit work is at a medium risk level,which should be paid more attention to in the audit risk management.According to the above methods,the audit risk quantification results of Liaoning XH accounting firm are obtained,and then specific solutions are proposed according to the results.