Ruihua Audit Failure Case Study Of Yatai Industrial Company

With the speeding up of China's economic development,our country puts forward more strict requirements on the quality of the accounting information,especially in the great progress of capital market,especially in the great progress of capital market.Because the accounting information is very important for the business operators to understand their operating,and it is also the public evaluation on the company's important basis and reference of investment decisions.In this context,audit demand of certified public accountants known as "economic police" is also increasing.Certified public accountants auditing,with its excellent professional quality and objective identity,get more and more recognition and attention.However,with more popularity and importance,certified public accountants auditing was also exposed to many problems,has been the media exposure of audit failure,the CSRC and the punishments for certified public accountants to follow.Certified public accountants audit failure,often caused widespread discussion in the society,the center of the discussion is the loss of the broad masses of investors,certified public accountant professional quality,government regulation and so on,this greatly caused the mistrust of the certified public accountant audit in society.But due to the influence of many factors such as information asymmetry,the certified public accountants can only provide a higher degree of guarantee of accounting information,rather than absolute guarantee.Therefore,how to restore the trust of the society of certified public accountants audit,reshape the authority,certified public accountants to avoid audit failure has become an important research topic of the personage inside course of study and academics.This article by ruihua to Hainan Yatai Industrial Development Co.,ltd.audit as a case,by adopting the combination of theory and case study researchtrain of thought,first clarify the definition of audit failure and audit failure relationships with related concepts,and explain theoretically the possibility of audit failure.Followed by ruihua introduction to the asia-pacific industrial audit failure case,from the asia-pacific industrial audit problems by means of fraud,ruihua as a starting point,further analyzing the cases of audit failure reasons,and puts forward corresponding preventive measures of audit failure.This paper is divided into four parts: the first part is introduction,mainly introduced this article research background,research significance,the research status of scholars at home and abroad and the research methods of this article;The second part is the theoretical part,this part mainly introduces the relevant theories about audit failure,including the concept of audit failure,audit failure theoretical reason,the influence of audit failure and audit failure prevention countermeasures;The third part is the case part,by introducing the ruihua process audit by the asia-pacific industrial case,there is a "story line",make the article then analyzes the cases of audit failure causes;The fourth part is the conclusion and enlightenment,summed up a general audit failure reason,and from certified public accountants,certified public accountants,the industry regulatory environment three angles proposed targeted countermeasures to guard against auditing failure.