Research On The Prevention And Control Of Audit Risk Of Accounting Firms

With the accelerated globalization of capital markets, the process of information, business development extends laterally and vertically, depending on the extent of the economic life of the growing audit opinion, the accounting firm audit risk faced by also increasing, but also makes business risk was enlarge trend. From the2014’s Hail Health Branch financial fraud cases, To February of2015Shanghai Bureau revealed of shares the "ShenKai" for three consecutive years of financial fraud, a acount of company audits failure cases of the listed, reveal some of the accounting firm audit risk prevention and control the risks and there is a big flaw, which led to further interest and attention of theorists and practitioners. CPAs institutional mechanisms in continuous reform today, accounting firms and CPAs has become the main bearer of audit risk. Survival and development of the core issues to be concerned about the accounting firm that audited the prevention and control of risks.In this study, the meaning of audit risk as a starting point, the use of literature analysis, case analysis and normative analysis is based; reviewed the relevant domestic and international research literature on audit risk, audit risk model and audit risk prevention and control; elaborated accountant audited risk prevention and control specific meaning; analysis of CPAs risk prevention and causes of current situation and problems existed; objectively reviewed LiXin audit risk prevention and control system, combined with the accounting firm audit risk inadequate prevention and control, and propose countermeasures. These audit risk control measures, to further enhance the CPA audit risk control level, but also establish an audit risk control system for the other large accounting firms as well as to provide a basis for reference.