Sinovel Audit Case Study Based On Risk-oriented Audit

Now we are in the information era which develops rapidly, in this era, all the things change fast, a variety of elements such as environment is changing every time, At the same time, by this series of fluctuations in the risk to the enterprise is also increasing year by year, for example, in our country in 2011 introduced the wind power industry-related policies and measures. On the one hand, certified public accountants in the implementation of risk-oriented audit process will be included in the risk factors, making Risk-oriented Auditing really into the enterprise, then certified public accountant determine enterprise risks more reasonable, As well as, it improves the accuracy when certified public accountants conduct an engagement and ensures the authenticity of the audit results. On the other hand, if we want to better implement risk-oriented audit procedures ,this requires our certified public accountants should continue to grow and continue to expand own aspect of knowledge, not only in financial field, and in management, economy, CPA in industry is also should have a certain degree of understanding. Therefore, the examination standard of certified public accountants comprehensive quality has been improved all the time.In this paper, the case analysis method is used to analyze the case of Huarui wind power, and the details of the process of risk-oriented audit are described from the perspective of CPA. At the same time, use the literature research method to review the risk-oriented audit of the relevant information literature, to understand the risk-oriented audit theory and practice process, Combined with the case to find out the shortcomings and analyze the specific causes of these problems, this proposed on the technical aspects of the details of the specific implementation process and the qualifications of certified public accountants or related auditors appropriate training recommendations.Through the study of this paper we can see that both in the implementation of the audit process, or the preparatory stage, the latter part of the tracking stage requires enterprises, CPAs and other coordination between the various subjects, always risk awareness within the heart, outside the line, it is more conducive to the audit report to achieve the real, complete, which is beneficial to enhance the professional quality ability of CPA, which is beneficial to provide a better reference and reference for each firm, and then promote risk-oriented audit to go more stable and farther.