Research On Certified Public Accountant Audit Risk Management

With the continuous changes in the economic environment,the demand for information disclosed by the public to enterprises has gradually increased.Certified public accountants have been playing a more and more important role as auditors of corporate information.In recent years,however,negative news emerged that corporate financial frauds and CPAs were punished.The CPA audit was questioned and the credibility of the audit industry declined.As a result,the audit risk issue has become a social focus.How to effectively control the audit risk is a problem that needs to be solved urgently.As a certification service,the CPA audit is the result of a combination of multiple factors.On the one hand,it is affected by the CPA's own moral quality,professional competence,and the management of the accounting firm.On the other hand,it is affected by the internal control system of the audited entity and financial fraud issues.At the same time,the industry supervision will not produce a certain degree of certainty.Impact.Therefore,it is necessary to analyze various factors that affect audit risk from multiple angles.This article is based on understanding the relevant theory and model of audit risk,taking penalties in recent years as the main research content,and deeply analyzing audit risks.Firstly,based on the research of domestic and foreign literature,this article briefly describes the concept of audit risk and risk management;secondly,it elaborates on the current status of punishment of certified public accountants and accountants in the China Securities Regulatory Commission and the China Association of CPAs between 2013 and 2017.Based on the above,the main problems in the penalized cases are summarized,and their specific performance in the relevant cases is analyzed;then auditing of certified public accountants from four aspects of audit industry supervision,audited entities,accounting firms,and CPA.The causes of the risks are analyzed in order to effectively identify the risk factors.Finally,the audit risk management measures were proposed from the CPA side to reduce the audit risk...