Study On The Audit Quality Problems Of LX Certified Public Accountants

In recent years,China's capital market has developed rapidly and achieved remarkable achievements.At the same time,the CPA audit industry has also been booming,and the financial information demander has higher expectations for reliable financial information,but we see an endless financial fraud cases in all kinds of reports,including some famous listed companies audited by famed Certified Public Accountants,such as Henan lotus MSG co.LTD.in 2014,Sinovel wind technology(group)shares.Co.,LTD.in 2015,Shanghai great wisdom co.LTD.in 2016 etc.,the auditor as the “economic police” who do not receive national wage of the public mind,they cannot ease the situation of accounting information forge of capital market.The audit quality of listed companies is questioned by small investors and the audit industry has had a trust crisis,It is not difficult for us to see from the documents that punish the accounting firms and CPA issued by the regulatory agencies that the reason of punished is due to the auditor failure to carry out their duties diligently,failure to implement the necessary audit procedures,leading to false records,misleading statements or significant omissions in the audit report.In order to save the current situation,purify capital market and improve audit quality,it is have practical significance to discuss the auditing quality of accounting firms.In this context,after studying a large number of papers on the auditing quality of accounting firms from domestic and foreign scholars,the LX accounting firm with industry representative is taken as a research object to discuss the auditing quality problems of accounting firms.This paper adopted the research methods of literature review,interview,and case analysis method.I understood the status quo of the audit quality of the firm by interviewing practitioners.I Browsed the LX accounting firm official website,the Commission,the Ministry of Finance and other regulatory agencies official website to collect information,and referring to a large number of relevant literatures about audit quality of accounting firms.I listed specific cases from my own internship experience to analysis and explanation auditing quality issues.Through the above method,this paper analyzes the current situation of audit quality management and the problems of auditing quality in LX accounting firms,probing into the reasons for the problems in auditing quality,and puts forward the countermeasures to improve the auditing quality.There are six parts in this paper.The second part to the fifth part is the main bodyof this paper.The second part is the introduction to the theory of audit quality,this part is main to lay a theoretical foundation for in-depth analysis later,mainly expounding the concept and characteristic,influence factors,evaluation standard and theoretical basis of audit quality of certified public accountants.The third part is the introduce of LX accounting firms and the problems of audit quality,this part mainly describe the basic situation,the status quo of audit quality management and the problems existing in the audit quality of LX certified public accountants.LX accounting firm's basic situation include three aspects: the organizational structure,human resources and practice process;audit quality management requirements mainly include multiple stages: auditing preparation stage,auditing implementation stage and Auditing termination stage;the problems of audit quality are mainly summarized as audit risk assessment,personnel dispatch,audit procedures and audit papers.The fourth part is cause analysis of the audit quality problems of the LX certified public accountants,the writing of this part is mainly based on its own internship experience and interviewed with the firm's practitioners,the author explore the deep reason of audit quality problems from the four aspects,practice concept,organization management,human resource management and business process management.Using this kind of analysis is in order to find out the deep-seated motivation for the LX accounting firm audit quality problems and provide a scientific direction for the countermeasures to improve the audit quality.The fifth part is the countermeasures to improve the audit quality of LX certified public accountants,this part put forward suggestions for the improvement of audit quality also from four aspects: practice concept,organization management,human resource management and business process management.This part combined with my own internship insights and accessed to a large amount of data,designed to put forward feasible measures to improve the audit quality of accounting firms.In this paper,i hope that these research can reveal the problems of the auditing quality of LX certified public accountants,finding out the reasons for the problems in auditing quality from firm perspective,it is expected that the original research results will have practical significance for improving the audit quality of LX accounting firms..