Research On Project Audit Quality Control From The Perspective Of Total Quality Management

In recent years,with the continuous development of China’s market economy,the securities law has higher and higher requirements for public interest entities and listed companies.The expectations for the audit of certified public accountants also become higher and higher.Thus,the audit quality has been highly valued by relevant departments.In February 2006,"Accounting firm Quality Control Standards No.5101-Business quality Control" was issued in China,which makes the public pay attention from quality of the audit to the quality control of the firm.Therefore,the quality control of accounting firms has attracted attention from all sides.However,the current project audit quality control generally exists problems such as weak awareness of full participation,incomplete content and process and unimplemented system,which can not meet the requirements of the public for project audit quality control at present.Total Quality Management(TQM)is the quality planning,quality control,quality assurance and quality improvement stages of audit project quality control.And it mainly focuses on three central features-full participation,whole process and Total Quality Management.It not only requires the quality control department of the firm to carry out quality management which also should all the staff of the firm,and the ultimate goal of all activities of the firm is to improve the audit quality.Our country has started trying in project audit quality control by using the method of Total Quality Management now,but after implementing through the layers,the vast majority of firms in project quality control still lack prevention in advance and summarization and improvement after the events.Besides,for the work of each stage of project quality control implementation does not reach the designated position,also did not have the effect of the comprehensive management on the project quality control.This paper mainly adopts literature analysis method and case analysis method,combines theory with practice,reviews the whole process of Zhongzhun firm’s auditing case of Fushun Special Steel,finds the problems and causes from the perspective of Total Quality Management,and then puts forward countermeasures to improve the quality control of audit projects.It is hoped that this study can provide reference for similar firms to implement quality control and use Total Quality Management to better guarantee the healthy operation of audit industry.This paper mainly contains six parts.The first part is the introduction,which mainly introduces the research background,the significance of the research,the literature review on quality control research,and the research ideas and methods of this paper.The second part is a simple discussion of audit quality control related concepts,and the concept of "Three Integrity" of Total Quality Management and PDCA cycle are also elaborated in detail,the following cases are based on this theory.The third part is a specific introduction to the case of The Audit of Fushun Special Steel Co.,Ltd.by Zhongzhun Firm,including the general situation of Zhongzhun Firm,the financial fraud means of Fushun Special Steel Co.,Ltd.,the whole process of the audit of Zhongzhun Firm and the relevant influence.The fourth part is to find the problems of audit quality control from the perspective of Total Quality Management.Mainly from the whole process management,all-staff management and overall management to find problems.In the whole process management,PDCA cycle rule is used to find problems in audit Planning,Doing,Checking and Actioning stage.The fifth part analyzes the causes of the problems found in the quality control of the firm.It mainly analyzes the internal management and external environment of the firm.The sixth part combines the above theory and case analysis results to get the relevant suggestions to optimize the audit quality control of the firm project.Firstly,in the whole process management,evidence should be collected and sorted strictly in accordance with the requirements of "four characteristics" of audit evidence;And which requires to adopt appropriate audit methods to evaluate the internal control of the audited,to improve the auditing system of working papers and evidence,to establish reasonable follow-up supervision system of audit project quality and to stablish a standard audit diary system.Secondly,in the whole staff management,the enthusiasm of auditors through human resources incentive should be improved,a regular rotation system should be established and the follow-up training and management process for auditors should be strengthen.Thirdly,the quality-centered assessment concept should be carried out in overall management.To establish audit resource allocation method based on project matrix system and audit project dynamic control system.So as to further improve the quality control of accounting firm project audit.