The Study And Application Of IT Applications In CPA’s Auditing

The rapid development of the technology of big data, cloud computing and AI is starting a wave of new technology revolution. These kinds of revolution are strongly demonstrated that the IT technology is not only a tool in people’s lives but also deeply affects people’s life in every aspect. Nowadays both the U.S government and Chinese government have already promoted the big data up to national strategic level.Facing the great change caused by IT technology revolution, The CPA industry should think carefully about how to grasp the opportunities. The audit works are kinds of digital workflow and requires not too much innovation thinking, while with the development of AI these kinds of work will be done by computer automatically; therefore the CPA can place more attention on professional judgment and communication with the management. Moreover the judgment and communication are the most important skills in audit works, thus improve AI technology to free the CPA from simple digital workflow will enhance the competitive of CPA industry. Recently the CICPA is planning to build an open IT system to improve CPA industry and will be executed from 2016 to 2020.Big Four Accounting Firms have leaded the pack of the aspect of audit information once again. They not only have long been spending huge sum of money on introducing information management and operating systems, but also have already researched on the application of artificial intelligence in the audit field. However, the degree of information technology of local accounting firms is far behind the Big Four Accounting Firms. How to catch the opportunity of information technology and realize the leapfrog development of accounting firms, is an urgent problem to be solved by the local accounting firms.This paper in a positivistic manner analyses the informatization of audit works by using documentary analysis, case study and formal research. First of all, on the basis of studying and summarizing on the influence of informatization of audit works, this paper deeply researches and analyses the background of informatization and basic theories. Secondly, this paper studies the cases of the application in accounting firm for both at home and abroad. Notwithstanding, this paper also analyses in detail its present conditions and presented the existing problems and their solutions. The writer hopes that this research can abstract the attention of CPA industry so that enhance the competitive of CPA industry.The main theoretical creations of this paper are that:(1) pointed out that the development of mobile devices so that the auditors can work everywhere. (2) pointed out that improve the efficiency of auditor work by building the platform of big data, cloud computing and cloud storage to achieve the target of Informatization of auditing. (3) pointed out that to training the talent of data analyst in order to achieve Informatization of auditing. (4) pointed out that improve the audit criterias by achieving Informatization of auditing.This paper points out the direction of further research in the future:(1) The establishment of information sharing platform. Big data analysis technology, for the auditors concerned, has exceeded their existing professional areas.How to solve the lack of auditors on the information technology, now is still short of practical experience. (2) Even the highly automated computer program operating platform, there is also the issue of timeliness of information. And continuous auditing can solve the problem of high automation, but also can solve the problem of timeliness of information. However, due to various reasons, continuous auditing is mainly implemented in the internal audit, how to use the continuous auditing in external audit is the next step should be studied.