The Discussion On Audit Failure Of Nanfang Company

Auditing failure refers to in the process of audit,certified public accountants fails to observe the accounting professional ethics and auditing standards and issues an unfair audit report.The reports fails to reflect the true and fair performance of the business.If the accountant fails to follow the auditing standards and issues the unfair audit opinion,it will bring risks and losses to investors,firms and certified public accountants in the audited units.First of all,this paper summarizes the related theories of audit failure,then summarizes the related theories of the reasons and the impact for the failure of audit,and uses the method of combining literature and case study to analyze the case.Then combined with the performance of Nanjing Lixin Yonghua accounting firms for Audit Failure of NanFang Company,to have a deep analysis of the reasons for the failure of the audit from the internal causes and external environment.Then,combined with the analysis of the impact of audit failure,the paper draws the conclusion and revelation of audit failure,then put forward relevant suggestions to prevent audit failure and expect the audit industry to develop healthily and steadily.This article begins with an introduction.Related theory in the second chapter,from the audit failure of the reasons and the impact of the theoretical overview.The third chapter is mainly to brief introduction the Nanjing Lixin Yonghua accounting firm and NanFang company,as well as the main performance of audit failure.The fourth chapter analyzes the reasons for the audit failure.The fifth chapter analyzes the impact of the audit failure of the case from the accountants,investors and the capital market.The sixth chapter draws the conclusion and revelation with the above case analysis,summarizes the main reasons for the audit failure and the measures to be taken to prevent the audit failure.The seventh chapter is the conclusion,which summarizes the purpose of writing and inadequacies of this article.