Research On Audit Risk Control Of Small And Medium-sized Accounting Firms

Among the thousands of accounting firms in China,more than 97% are composed of small and medium-sized accounting firms,covering the vast majority of audit services,which is a crucial factor in the evolution of the whole sector.Chinese big accounting firms are strong in strength,standard management,perfect internal control system,abundant enterprise culture,and strong ability to withstand and control audit risk.In terms of the current situation of the certified public accountants industry,problems such as small scale,lack of audit resources,insufficient personnel reserves,low professional quality,and insufficient risk control ability are common in small and medium-sized accounting firms.Compared with large accounting firms,these problems will lead to more audit risks.Therefore,in-depth research and discussion on the audit risks and control countermeasures of small and medium-sized accounting firms in China have important practical significance for strengthening their internal governance,improving the quality of audit work,and reducing the possibility of audit errors.Based on the actual situation and characteristics of H Certified Public Accountants,on the basis of principle-agent theory,risk management theory and others,this paper adopts the questionnaire method and risk coordinate map evaluation method to identify and evaluate the audit risks of H Certified Public Accountants on the basis of comprehensive,important and effective principles,and then analyses the results of the questionnaire investigation and assessment.The external risk and internal risk of H accounting firm are obtained.Finally,an effective audit risk management and control optimization scheme is proposed for the accounting firm and corresponding measures are proposed to ensure the implementation of the scheme.This article hopes to provide some reference for small and medium-sized firms facing similar situations.