| In recent years,with the continuous development of China’s market economy,the requirements of the securities law for public interest entities and listed companies have become higher and higher,and the expectations of the public and relevant departments for CPA audits have become higher and higher,and the issue of audit quality has received great attention from relevant departments.February 2006 "Accounting Firm Quality Control Standard No.5101-Practice Quality Control" was promulgated in China and revised three times in 2011,2019,2020 and 2021.The implementation and revision of the standard has caused the public to shift from the importance of audit quality to the importance of firm quality control,and therefore,the issue of quality control of accounting firms has received attention from all parties.However,as CICPA’s supervision of CPA firms continues to increase and the related practice quality inspections deepen,CPA firms are increasingly exposed to the public on audit quality control.The frequent occurrence of penalties also makes small and medium-sized investors and others gradually lose their trust in accounting firms and even question the audit reports issued by them.Therefore,strengthening the audit quality control of accounting firms,giving full play to the role of third-party independent audit,and regaining the trust of the public has become an urgent task for accounting firms in China.Compared to simply collecting the audit quality control procedures of the firm to analyze the audit quality control strength of the whole accounting firm,it is easier to analyze the deficiencies of the project audit quality control in the face of individual audit projects,and more easily understood.Therefore,the issue of project control in audit quality control of accounting firms is well worth our in-depth study.After researching many scholars at home and abroad on the research of accounting firm audit quality,this thesis selects Mazars CPA Limited,which has been frequently regulated by the SEC in recent years,as the research object,and also takes the failure of audit quality control of Lonkey Industrial Co.,ltd.,Guangzhou in 20 typical illegal cases listed by the SEC in 2021 as a case study to specifically analyze and discuss the audit quality of accounting firms problems.The following methods are adopted: literature analysis,case analysis and data analysis.The data were searched through the official website of the Securities and Futures Commission,the websites of the Ministry of Finance and other regulatory agencies,and other means.Through the above methods,we specifically analyze the problems of the audit quality control of Mazars CPA Limited,explore the reasons for the problems of audit quality control,and strengthen the countermeasures of audit quality control of Mazars CPA Limited.In addition to making recommendations on the audit quality control of Mazars CPA Limited,this thesis can also provide reference and reference for other accounting firms with similar conditions,with a view to contributing to the improvement of the audit quality control system in the accounting firm industry and making a modest contribution to improving the overall audit service quality.This thesis is divided into six parts.In addition to the introduction and conclusion,parts two to five are the focus and key of this study.The second part is a theoretical overview of audit quality in accounting firms.This part mainly lays the theoretical foundation for in-depth analysis later on,mainly explaining the concept of audit quality control and analyzing its influencing factors to introduce the theoretical basis of this thesis.The third part is a brief introduction of the audit quality control case of Lonkey Industrial Co.,ltd.,Guangzhou by Mazars CPA Limited.This part mainly describes the basic situation of Mazars CPA Limited and Lonkey Industrial Co.,ltd.,Guangzhou,the current situation of audit quality control by Mazars CPA Limited and the main problems of audit quality control in this project.At present,the quality control status of Mazars CPA Limited is described from the four aspects of undertaking audit business,making audit plan,executing audit procedures,and reviewing business quality;the problems of audit quality control can be summarized as insufficient risk assessment,lack of professional quality of auditors,rushing to undertake business,insufficient standardization of substantive audit procedures,and failure to conduct effective The fourth part of the report is about Lonkey Industrial Co.,ltd.,Guangzhou’s performance in China.The fourth part is an analysis of the causes of the audit quality control problems of Lonkey Industrial Co.,ltd.,Guangzhou in Mazars CPA Limited,which is divided into five aspects: undertaking business,risk orientation,implementation of audit process,competence of auditors,and awareness of audit quality control.This part is to explore the deep causes of audit quality problems,with a view to uncovering the deep motives for the problem of lack of audit quality control in CCA Mazars CPA Limited,and to provide scientific directions for countermeasures and suggestions to improve audit quality.The fifth part is the methods of audit quality control in CCAZ CPA firm.This part discusses with the reasons and makes suggestions on audit quality control in five aspects: undertaking business,risk orientation,implementing audit process,competence of auditors,and awareness of audit quality control.The purpose of this part is to provide feasible suggestions for audit quality improvement in accounting firms.This thesis hopes to expose the problems that exist in the audit quality control of Mazars CPA Limited in Lonkey Industrial Co.,ltd.,Guangzhou through its own study and research,and to dig into the root causes of a large number of problems in audit quality from the perspective of audit quality control of the firm,expecting the results of this thesis to be of practical significance to improve the audit quality of Mazars CPA Limited. |
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