A Study On The Lack Of Audit Independence Of CPA

The core quality of independence as the CPA must have the audit from the moment of birth,it runs through the whole audit business.Investors,creditors and other users of financial statements tend to understand,according to the audit report by the audit supervision,improve the company's operating conditions.Because of The lack of independence of CPA and the issuance of untrue audit reports often bring irreparable losses to the users of the reports,excessive auditing failure cases seriously damage the credibility of the CPA.In order to the healthy and orderly development of the capital market and audit purification industry trend,research on issues related to the audit independence becomes imminent.This paper focuses on the audit independence as the research object,to geeya financial fraud in the first batch of GEM listed as case analysis.Based on the independence of the domestic and foreign researches on the understanding of the audit,through the analysis of cases,it is pointed out that the accounting firm of Lixin has not pointed out in the audit report that there are some financial fraud methods such as false increase of income and profit,fictitious currency fund,false increase of prepaid account and so on.According to the announcement that not disclosed in the audit report of the financial fraud cases,It is pointed out that in the three aspects of verification of the income of the audited company,the long-term holding of the large amount of money and the verification of the engineering project,there is no execution the necessary audit procedures and not enough to maintain the occupation of doubt and sensitivity of the two aspects of the lack of independence,and from the CPA,audit firm,object,the aspects of overall environmental audit pointed out that the reason for the lack of auditing independence of CPA for long-term cooperation resulted in decreased sensitivity,their professional quality problems and lack of occupation morals,firms pursue interests,audited corporate governance structure is not reasonable and the disclosure of information is not true,the competition between the firm and the intense regulatory power is weak,the imperfect legislation,the punishment is light and so on.It also puts forward five suggestions to improve the audit independence,such as improving the quality of auditors,formulating reasonable audit fees and payment methods,improving the corporate governance structure,exerting various forces to change the way of strengthening supervision and strengthening supervision,and strengthening punishment.Finally carries on the summary.