Study On Improve Accounting Firms Audit Quality Management

In recent years,audit failures are frequent,and audit quality problems have accumulated,seriously jeopardizing the overall reputation and social image of the firm,and causing a crisis of public trust in the CPA industry.‘The Chinese CPA Auditing Standard No.1121——Quality Management for Financial Statement Audits’ clearly states that high-quality audit services are an inherent requirement of accounting firms.However,at present,accounting firms do not pay enough money on it and monitor audit quality management,and there are endless audit errors.so there is an urgent need to strengthen audit quality management to promote the high-quality development of the registered accounting industry.This paper combines theoretical foundations,such as quality management standards of auditing,‘PDCA management tools’ and total quality management theory with accounting firms’ audit work,focuses on the relevant literature on audit quality management,He elaborates on the theory of audit quality management and summarizes the current situation and common problems of audit quality management of accounting firms,such as insufficient pre-audit risk assessment of projects,neglect of the importance of audit procedures,and inadequate review implementation.This paper takes the well-known Z accounting firm in China as a case,investigates and summarizes the current situation of the firm,and analyzes the problems and causes encountered in the audit quality management of the firm from the four perspectives of planning,execution,review and rectification based on the "PDCA" quality management cycle theory.Finally,based on above discussion,the paper proposes which are: In projectplanning stage,strict implementation of partner ethics check,unified business undertaking and assignment,implementation of work accountability system to establish risk awareness,and strengthening project risk assessment.In project-execution stage,ensuring the implementation of audit procedures,strengthening audit draft management,strengthening the consultation mechanism,and building information data-platform.In project review stage,improve the review work level of the firm and improve the review workflow.Project rectification stage,to strengthen the audit quality inspection,procedural monitoring and rectification measures,improve incentives,rewards and punishments mechanism.The audit quality management problems encountered by Z accounting firms are typical.Analysis of these typical problems,targeted improvement measures are proposed,which can help the accounting firm industry to solve the industry’s "accumulated problems" and improve the overall audit quality management system of the industry.