Study On The Audit Quality Management Based On The Theory Of Risk Management

The audit failure cases in the market of audit disclose lower audit quality of the CPA industry. This severely threatens the development of the CPA industry smoothly. Thus improving audit quality and decreasing risk have become an urgent problem which needs to be solved in the CPA profession. In order to disclose how risk factors affect the audit quality , assure to use audit resources adequately, lowering audit risk as far as possible, so as to improve the quality of audit, this paper gives research concerning audit quality based the theory of risk management.(1)The overall guiding thought of risk management is to obtain safe security maximum, this paper probes to the procedures of risk management and the necessity and feasibility of using the theory of risk management to study the audit quality management;(2) Resting on the overall thought of risk management "to identify, to assess, to answer readily", make the self-adapt mode of audit quality management based on the theory of risk management;(3)To confer the specific practice of the audit quality management mode from the point of view of public accounting firm, emphasize the idea of introducing auditing lawsuit risk coefficient to the model of risk-oriented audit .At the same time to make the feature analysis mode to answer the risk of client.Rooted in realistic conditions of audit markets , from the risk factors ,this paper brings up some effective measures to improve audit quality, so as to lower audit risk as far as possible and to assure use audit resource adequately, which ultimately contribute to improve audit quality. Strengthening audit quality management from risk factors, not only satisfy the demands of reducing risk, but also express the principle of cost-benefit ,this will become powerful measures to resolve the questions of audit resource and lower reliance in our country.