Research On The Impact Of Internet Emerging Technologies On The Quality Of Auditing Services Of Accounting Firms

With the deepening of global integration and the rapid development of the domestic economy,a large number of new enterprises in different fields have emerged and those already on the right track of development have been expanding.At the same time,the development of Internet technology has pushed the business model of these enterprises to change gradually.The popularization and application of data management systems such as enterprise cloud accounting and financial sharing center means that the electronicization of accounting information and networking of financial information of enterprises have become the future development trend,and the resulting explosive growth of digital financial data has been generated.Audit,as the supervisor of business development,plays a very major role in the supervision,management and control of enterprise risks.In the current development situation,the demand for auditing work in China is increasing day by day.However,in recent years,the frequent occurrence of financial fraud cases has had a great negative impact on the evaluation of the quality of the audit business of accounting firms,and the trust of the public in accounting firms has been reduced.Under the heavy pressure,how to improve the level of audit business of accounting firms and improve audit quality in order to provide a high level of audit assurance has become an urgent issue at present.A summary of the literature related to audit quality and Internet technology application at home and abroad through the literature research method reveals that the development of Internet technology has promoted the reform of informationization in enterprises,and the audit work of accounting firms should also keep up with the trend of informationization development.This study takes an inventory of the current audit quality status and information technology application status of accounting firms in China from the "2020 Comprehensive Evaluation of Accounting Firms Top 100 Ranking Information" and proposes the audit quality problems that often occur in China’s accounting firms in recent years.Using the case analysis method,Lixin CPA firm,which has been punished the most in recent years,is used as a breakthrough to summarize the reasons for its audit failures by studying the audit failure cases of Lixin CPA firm in recent years,and thus discovering that Lixin CPA firm has certain deficiencies in the execution of audit procedures,audit risk assessment and audit independence.The application of intelligent audit platform can help the firm improve the quality of audit procedure implementation and audit risk assessment,which can compensate for the previous deficiencies to a certain extent.However,the in-depth application of Internet technology can also bring unprecedented challenges to the audit work and audit quality.This study analyzes and makes appropriate recommendations for the challenges that the application of Internet technology may bring in various aspects,such as optimization of auditors,application of audit technology,and improvement of rules and regulations related to information-based auditing.In the current context,independent auditors such as Lixin CPA Firm must also actively adapt to the new environment brought about by the development of the Internet and leverage the emerging technologies of the Internet to improve the quality of their audit operations while completing their business work more efficiently.At present,many firms’intelligent audit platforms or similar Internet audit tools are still in the stage of exploring,building and perfecting,and still need to explore the audit work mode that can keep up with the development of the times and adapt to the characteristics of their own industry in the process of continuous optimization,so as to promote the development of audit quality into a new stage.