Research On Improvement Of Lixin Accounting Firm Audit Quality Control

The primary task of accounting firms is to ensure audit quality.The major audit failure cases occurred in recent years have made the audit quality of accounting firms seriously questioned.How to strengthen the audit quality control is drawing increasing attention.Therefore,in order to improve the quality of accounting firms' practice,accounting firms should heighten the awareness of audit risk prevention,establish effective quality control strategies so as to strengthen audit quality control,escalate the quality of practice,and enhance firms' core competitiveness.Taking the audit quality control of Lixin Accounting Firm as the research object,this paper adopts the case analysis as the main method,and the literature research method as auxiliary,and analyzes the problems existing in the audit quality control of Lixin Accounting Firm combined with internship experience.The study found that Lixin Accounting Firm mainly has problems such as unscientific appointing of project members,insufficient use of risk-oriented audit,inadequate implementation of audit procedures,performance evaluation without fully consideration of practice quality,and main auditors lack practice experience.The reasons for the above problems include the following:the firm excessively compressed the explicit auditing costs;the auditors failed to maintain reasonable professional suspicions and were unable to perform due diligence;the staff assessment mechanism was pending for improvement,and the staffing model hampered the experience accumulation.After analyzing the causes,some targeted suggestions are made.First,we should establish a correct cost-effective concept,focus on revenue development and hidden cost considerations;second,we must implement risk-oriented audit,strengthen the risk-oriented audit concept;then we must strengthen project audit quality control,standardize the implementation of audit procedures,strengthen the validity of the supervision and review;finally,we must improve the staff assessment mechanism and promote the quality of the auditors.The purpose of this paper is to propose some improvement suggestions for audit quality control of Lixin Accoutning Firm.Meanwhile,hopefully these audit quality control improvement suggestions also have reference significance for other firms with similar audit quality control problems in order to promote audit quality improvement.