Research On The Application Of Risk Oriented Audit In Accounting Firms

In the new auditing standards require the full implementation of the domestic accounting firm,an important aspect of the new guidelines is the comprehensive introduction of the theory of risk-based audit,identify,evaluate and respond to the risk of material misstatement,which means that the dominant traditional risk oriented audit position change,China's auditing standards with international standards.Modern risk oriented audit is the direction of the development of the audit industry.The modern risk oriented audit audit risk that enterprises mainly from the management risk of the enterprise,therefore,the modern risk oriented audit model audit risk assessment program forward,through the understanding of the audited entity of internal and external environment,corporate strategy and risk management to assess the risk of material misstatement of the accounts,and according to the results of risk assessment to develop audit plan and implement audit proceduresBased on the H accounting firm risk oriented audit by understanding,combined with the Z International Travel Agency audit case,found the main problems of risk oriented audit implementation of H certified public accountants,and the problems put forward suggestions for improvement.In this case,the audit staff to understand Z international travel agency business environment problems,only by examining the way of asking of understanding,not in-depth study of its operating risk;at the same time,there are no standardized implementation of supervision and confirmation,reasonable arrangement of the auditors failed to solve these problems,the audit of internal and external business environment to strengthen the understanding;to cultivate the comprehensive quality of the auditing personnel,reasonable division of audit work.The research of modern risk oriented audit in addition to the use of auditing theory and practice research,also combined with the actual situation of the accounting firm,audit audit data collection,to improve the existing problems,the combination of theory and practice,and comprehensively promote the implementation of the risk guide audit.In practice,the CPA audit personnel knowledge structure is not sufficient to meet the needs of risk oriented audit,therefore,firms should strengthen to enrich professional knowledge audit and other disciplines of knowledge;construction risk database industry is one of the urgent need to solve the problem of China's accounting firms,accounting firms can reach strategic cooperation the relationship with other accounting firms or audit software development company,strengthen the development of data software,improve its industry risk database construction industry through information sharing.