Case Study On Audit Risk Control Of Certified Public Accountant

With the continuous development of capital market,the scope of audit is expanded,the influence of audit reports is strengthened,the public relies more and more on the audit reports and hence the responsibilities of auditors are becoming heavier.In recent years,China's audit industry has made great progress,audit risk also increases.Coupled with the research on the audit risk of a late start,CPA independence issue gradually being damaged more and more attention.Public reliance on audit reports continued to rise,but the legal profession and the accounting profession to define standards for audit responsibilities yet easy to reach a consensus on the CPA adverse judgment,audit risk will continue to increase.Under the domestic and international research status of audit risk,this paper explores the concept and nature of audit risk,clarifies the objective factors that play an important role on the audit risk,and analyzes the influence from the prospective of the audited entity,auditors,audit firms,the public,technological progress,audit methods and so on.By introducing and analyzing an audit practice,this paper focuses on the influence of technological progress on audit risk,studies the possibility of further use of information technology to realize the goal and initiates some methods to prevent or control audit risks.It aims to help audit firms to reduce audit risk while maintain audit efficiency,allow public access to objective audit reports and improve the role that audit work plays in economic activities.Overall,the current CPA audit risk is caused by a variety of factors,accounting firms and CPA are required to sign and constantly strengthen their risk awareness.Strengthen internal audit quality control for the accounting firm is a key factor in reducing audit risk,but also need to improve the CPA from the source environment,increase customer awareness of risk management and so many other social factors,design an internal control system operation which is effective.