Research On Audit Quality Control Of LX Accounting Firm

After China entered the WTO since 2001, many international large enterprise and accounting firm had flooded into the Chinese market. It made huge influence on China's original market structure. Accounting firm's quality control faces a severe test due to the increasing of difficulty to predict operating environment and a higher risk.Auditing quality control is the basis to grow greater for an accounting firm and an important way to increase professional status and win the trust of the public. New auditing regulation and related quality control regulation has been promulgated on 22rd August 2013 by CICPA, and implemented since 1st January 2014. The new regulation plays an important role on improving auditing quality, reduce market risk,maintain order on capital market and protect public interest.However,there's still many problems in business operation for accounting firm.They cannot reach the expectation of the public and the requirement of society. The mistake made by accounting firm and CPA and the false report occurs regularly, so it is the top priority to improve the quality control.The paper is based on this background, taking LX accounting firm as an example.The author learn about the reality of quality control of LX accounting firm through self-practice and questionnaire from LX employee. After the research of quality control of LX accounting firm, the author investigate the deep layer reason to get the conclusion - change outside operating environment and improve the standard of quality control of LX accounting firm.This paper has six section. Section 1 is the introduction to introduce the background, research significance, research method and research framework. Section 2 is the introduction to describe the current status of LX accounting firm including enterprise structure,independent requirement, employee and business operation. In section 3, we discuss the problem of LX accounting firm's quality control. Section 4 is the analysis of the problem. Section 5 is the suggestion to LX accounting firm to improve the quality control. Concluding remarks is in section 6.