| With the rapid development of China’s economy,the role of audit industry is becoming more and more prominent.As an independent audit institution,accounting firms play an important role as "gatekeepers" in the market field.As a kind of current assets,inventory is not only the foundation of enterprise profit,but also the necessity of daily business activities.In the construction and decoration industry,inventory often occupies a large proportion of enterprise assets.It is very important for certified public accountants to strictly implement the inventory supervision procedure in audit activities.As an important audit procedure in the audit process of certified public accountants,inventory supervision plays an important role.However,in the real economic environment,more and more accounting firms have been punished by the CSRC.The reason is that in the process of audit,they have violated the relevant standards and regulations,failed to perform their duties diligently,resulting in the occurrence of audit failure,which has a greater negative impact on themselves,and is not conducive to the development of the audit industry.Many audit failure cases related to inventory are related to the lack of attention paid to inventory supervision by certified public accountants and relevant auditors,and the lack of strict implementation of audit procedures in action.As a case study paper,in this context,first of all,a accounting firm and Z architectural decoration company are briefly introduced.Combined with the actual situation of Z architectural decoration company’s inventory,this paper reviews a firm’s specific process of inventory supervision of Z company,points out the specific problems in the process of inventory supervision,analyzes the causes,and further improves the supervision of inventory In order to make accounting firms and relevant auditors pay more attention to inventory supervision,improve their professional competence and promote the development of audit industry,we should plan and optimize supervision procedures,improve the accuracy and quality of supervision and improve the responsibility and professional quality of auditors.This paper uses the research methods of literature research and case analysis,and references a large number of domestic and foreign literatures about inventory audit and inventory supervision.On the basis of relevant theories and inventory supervision knowledge,different from the previous overall inventory audit cases,from the perspective of specific inventory supervision,this paper selects the construction and decoration industry,which has less research,through its own personal Practice,the combination of theory and practice,has a high practical value,hoping to provide some reference for auditors in the future audit practice. |
