The Research On Audit Failure Reasons Of Linxin To Geeya Technology Co.,Ltd.

With the Chinese capital market developing rapidly,more and more investors are carrying out their invest plan emotionally.Therefore,this phenomenon causes more public concerns on enterprises' financial reports.Investors expect to get highly reliable financial information through the real and fair financial reports,which can be a rational reference for making investment decisions,Consequently,the demand for certified public accountants' audit is increasing gradually.However,because of some uncertain factors,CPA audit is not able to completely guarantee the reliability of accounting information to some extent.Occasionally,the failure of CPA audit happens in the capital market.Inevitably,the publics will not only enquiry the professionalism and professional ethics of CPA,but also distrust of CPA audited corporate financial reports.It leads to the fragile relationship between the publics and the accounting firms.How to improve the credibility of the CPA market and how to standardize the audit market better have become two pressing issues.This essay combines the theoretical knowledge of audit failure with one practical case(the failure of Geeya Technology Co.,Ltd audit).The essay is divided into five chapters.The first chapter is the introduction,introduces the researching background and its significance,with summarizing some audit failure literature points,Set up a framework for the research and analysis of this article.The second chapter first discusses the definition and reasons of audit failure,and then explains the theoretical basis of audit failure.The third chapter is a specific case introduction,the Geeya Technology Co.,Ltd is selected as the analysis audit failure object,first introduces the company situation of Jin Ya Technology and Li Xin,and then analyzes the obvious financial fraudulent trace of financial fraud in the aspects of advance payment,income profit,money capital and purchase money,and finds that the standing letter is on the golden Asia technology.In the process of audit,there are problems in the subjective aspect of CPA,and CPAs do not fulfill their audit responsibilities.The fourth chapter analyzes the reasons for the failure of Jin Ya Technology audit from two angles,and finds that there are some defects in the practice environment of the audit industry,and there are still many imperfect places in the two aspects of audit quality control and audit risk control.The fifth chapter corresponds to the three analysis points of the previous audit failure analysis,and puts forward feasible suggestions for accounting firms to prevent the risk of audit failure.This essay has launches by putting forward existing issues,analyzing details comprehensively and solving problems thoroughly,adopts the “Case-Analysis Method” to discusses the failure cases of Jin Ya science and technology audit.In thepart of avoiding the risk of audit failure,this paper proposes to set up a fair and orderly competition audit market order to improve the auditing practice environment by optimizing the responsibility subject of the audit environment,and to improve the auditing practice environment.In addition,the audit quality is the quality of audit.To test the validity of the audit work,the firm should improve the audit quality control of the accounting firms,build a sound audit quality control system,strictly enforce the standardized audit procedures in the daily work,and ensure the quality of the audit through the supervision of the certified public accountants industry;finally,the meeting should be improved.The level of audit risk control in the accounting firm is to effectively reduce the probability of audit risk by improving the risk control system of the firm,paying attention to the internal control and governance of the audited units and improving the competence of the auditors.This article hopes to deepen the understanding and understanding of the failure of audit by discussing the cases of the failure of the audit of the audit of science and technology,so as to provide some suggestions for the promotion of the healthy development of the CPA industry in China.