Research Of Certified Public Accountants Audit Risk

With the rapid development of China's economy and the economic globalization,the audit supervision because of its role in the market economy and the development of enterprises,has increasing effects on China's socialist market economy.With the continuous development of society,the risk of accounting firms engaged in audit work is increasing exponentially.In addition,because of the complexity of the audit work environment in our country,the risk of audit work is further increased.Today,the capital market exposure out accounting firm fraud involved in financial fraud events in turmoil and impact to the social economy at the same time,also makes the public trust system for auditing industry gradually collapse.Currently,PWC is in the public accounting firms engaged in quality control for Alabama colonial bank audit work,did not perform due diligence obligations,through professional ability and the occupation moral found bank executives and TBW company high-level fraud fraud makes TBW company suffered greater losses in the face of the impact of the financial crisis at the same time bring the total loss of $4 billion 200 million to the U.S.Federal Deposit Insurance Company.Although the two sides have reached a settlement through negotiation and communication,but the history of the largest audit proceedings still sounded a wake-up call for the audit community.Therefore,in this context,the accounting firm should pay more attention to the audit risk,so as to avoid the audit risk.The accounting firms in our country have the characteristics of fierce competition,huge quantity and complex type.This paper first introduces the research background,research significance,research content,research framework and innovation,combined with the relevant theoretical basis,from the audit risk the meaning,characteristics and categories are discussed,detailed combing the accounting firm to audit risk,and with Nanjing Lixin CPA audit of this project the specific case,analyzes the reasons of audit failure in the case,and finally puts forward the audit risk measures,provide a reference for related research and practice.This paper selects the typical case study of the related research,the CPA audit risk response,control and resolve the whole benign development of CPA industry,promote the social economy healthy and steady development has important significance.