Research On X Accouting Firm IPO Audit Quality Assurance Mechanism

In recent years,the securities market in the context of the rapid development of capital market and get the corresponding development,more and more companies in an attempt to raise funds by listing,to expand the scale of the enterprise,to achieve a better profit.The accounting firm industry has been developed and expanded rapidly as an intermediary for the successful listing of listed companies.But at the same time,due to the corresponding regulation is not able to meet the needs of the securities market,the relevant regulatory loophole or regulation does not reach the designated position,lead to some accounting firm or to pursue more economic benefits,or for the expansion of the scale and lost its effectiveness of audit quality control system,resulting in the increasingly fierce competition in the industry,such as certified public accountants industry malignant underpricing phenomenon emerge in endlessly.As many companies hope to achieve the purpose of raising funds by listing,but short of qualified qualification,but these enterprises to listed some financial fraud as soon as possible,such as inflated assets,fictitious profits,forge the financial statements and other illegal activities,some of the accounting firm for IPO audit,for lack of fully research of listed companies,the lack of scientific and perfect audit risk control system,failed to find these illegal ACTS,at the same time,also did not issue the audit report after rigorous review procedure,the above all sorts of reasons caused the failure of the IPO audit,not only the bad atmosphere in society formed,investors also therefore had varying degrees of loss.Paper to "economic man" hypothesis,the principal-agent theory and equilibrium theory of supply and demand theory as the theoretical support,normative analysis and case analysis method,such as data and charts as auxiliary,analysis and X certified public accountants,for example,from an accounting firm IPO audit,IPO audit implementation,IPO audit report from three aspects,in-depth X certified public accountants of IPO audit failure causes,and put forward the effective solution to the accounting firm IPO audit failure is to build a public accounting firm IPO audit quality assurance mechanism.And respectively from the IPO audit undertaking,IPO audit execution and IPO audit report construction of IPO audit quality assurance mechanism three aspects:first,in terms of IPO audit business to undertake,when the business continues to be fully understanding of the listed company;Second,in the process of IPO audit,fully understand the internal control and testing,accurate found to existing financial fraud of listed companies,as well as the implementation of further audit procedures,for internal review;Third,in the issuance of IPO audit report,strictly implement the three-level audit,and ensure that the audit report conforms to the facts;At the same time,we should optimize the human resources of accounting firms,improve the quality of auditors and maintain the ability to be cautious.Finally,the IPO audit quality assurance mechanism of accounting firm is applied in X accounting firm,and effective Suggestions are put forward to ensure the implementation of the existing problems.