Research On Audit Quality Management Of Accounting Firms From The Perspective Of Quality Management Standard

With the continuous development of the market economy,the public’s requirements for listed companies and the market environment are becoming higher and higher,and the expectations for the audit quality of accounting firms with the reputation of "gatekeeper" in the economic market are also increasing.In recent years,listed companies have been exposed to financial fraud events,and the audit quality problems of accounting firms often exist behind the events.In December 2020,the China Accounting Association issued the newly revised Accounting Quality Management Standards for Accounting Firms No.5101-Business Quality Management,which not only responded to the public’s concerns about the improvement of the audit quality of accounting firms,but also made more detailed requirements for the establishment and improvement of the quality management system,prevention of audit risks and improvement of audit quality.This paper takes Ruihua Certified Public Accountants as an example to study the audit quality management of China’s accounting firms through the use of literature analysis,case analysis and analytic hierarchy process,and in combination with the deepening concept of total quality management in the "various stages" of the development of quality management standards.Establish the audit quality management evaluation index system of Ruihua Institute,calculate the index weight and importance judgment through the expert scoring results at all levels,analyze the audit quality management problems of Ruihua Institute,and then explore the reasons behind the corresponding problems.The following conclusions are drawn:(1)Quality management is always throughout the whole process of audit business,and no link can be ignored.(2)The firm’s leadership and governance,project partners and general auditors should always adhere to the management concept of quality management first.(3)The improvement of the quality management of the firm and the implementation of the quality management standards cannot be separated from the supervision of the industry supervision department.(4)The audit quality management system of the firm is not static,but needs to be constantly adjusted and improved according to the industry environment,audit business needs,firm size and capacity.Put forward corresponding suggestions: the internal level of the firm needs to establish an adjustable quality management system suitable for the firm’s own scale according to the requirements of the standards and the concept of total quality management;Cultivate the cultural concept of quality first,improve the professional competence of auditors,and cultivate high-quality audit personnel;At the level of industry supervision,we should improve the competitive environment of the industry,implement supervision and management by classification,and build a mutual evaluation mechanism.Ruihua Certified Public Accountants importance to business scale and ignores audit quality,which is the epitome of the current situation of many local accounting firms in China.Therefore,this paper explores the audit failure cases of accounting firms based on the concept of total quality management in quality management standards,hoping to provide reference for local accounting firms to improve audit quality,reduce the possibility of audit failure and enhance quality management ability in audit work.