Audit Quality Evaluation Of "ST" Company Audited By T Accounting Firm

The rapid development of the securities market has prompted the continuous updating of the system within the market.The introduction of the new delisting system has made the situation of listed companies with delisting risks more severe.At the same time,the reform of the "filing system" of the securities law has also had an impact on the development market of small and medium-sized accounting firms.Many small and medium-sized accounting firms have entered the securities service industry market through the filing system.In the context of a stricter delisting system,many listed companies have taken all measures to whitewash their financial statements in order to continue to remain in the securities market,resulting in a deteriorating audit environment,increasing the audit risk of listed companies,and affecting the audit quality of accounting firms.Therefore,in the context of the renewal of the delisting system and the reform of the "filing system" of the securities law,it is necessary to conduct evaluation research on the audit quality of accounting firms.This article selects Shenzhen Tangtang Certified Public Accountants to conduct a case study on the audit failure of Company X with delisting risk,and conducts an audit quality evaluation study on the specific projects audited by the accounting firm.Tang Tang Law Firm was established in 2004,and entered the securities service industry for the first time to undertake audit business in the context of the reform of the securities law in 2020.The firm signed an audit contract with Company X,which has a high risk of delisting,attracting industry attention and becoming a professional auditor of ST companies at that time.Company X has been warned of delisting risks for many consecutive years due to poor economic conditions such as financial fraud and perennial deficits.During the audit of Company X,Tang Tang Office signed a "drawer contract" with Company X to provide audit opinions that did not conform to the actual situation and various illegal and illegal actions,resulting in the filing investigation and administrative punishment of the audit case by the CSRC.In this failed audit case,due to the poor operating environment and high audit risk of Company X,it is difficult to ensure the audit quality of the Tang Tang accounting firm.Therefore,this article combines the specific factors of the audited unit,selects 5 first level indicators and 23 second level indicators using the analytic hierarchy process to form the audit quality evaluation system of Tang Tang Firm,and then uses the fuzzy comprehensive evaluation method to evaluate and score the specific audit projects audited by Tang Tang Firm for Company X.The evaluation results show that the audit quality of the project is at a poor level,and the firm has problems such as insufficient comprehensive ability,lack of independence,improper implementation of audit procedures,and defects in the firm’s quality control.To this end,it is proposed that accounting firms should improve their professional ability,ensure that accountants are diligent and responsible,and improve the quality control system of accounting firms when auditing ST companies,in order to promote the healthy development of the accounting firm industry.