Research On The Failure Of Audit Based On The Announcement Of Administrative Punishment Of China Securities Regulatory Commission From 2001 To 2017

With the prosperity and development of capital market,people's need for audit services is increasing.However,in recent years,audit failures have occurred frequently,causing the public's distrust of the entire audit industry.Audit will increase people's recognition of information such as financial statements of audited units.However,the failure of audit will affect the judgment,plan and decision of things to a certain extent,and further influence the allocation of the whole social resources and the operation of the capital market,and it also has an enormous impact on the long-term development of the audit industry.How to reduce the occurrence of audit failure,improve audit quality and enhance the credibility of the entire audit industry is an urgent problem to solve at this stage.This article is divided into six chapters.The first chapter elaborates the research background and significance of this paper,then states the related theoretical researches at home and abroad,and puts forward specific research contents and methods on this basis.The second chapter mainly analyzes the definition of the concept of audit failure and some related concepts,and describes related theories.The third chapter is mainly to collect and collate the failed audit cases of the China Securities Regulatory Commission's announcement from 2001 to 2017,From the annual distribution of the punishments,the audit work,the type of punishment,the industry of the audited units,the reasons for the failure of the audit,and so on.And analyze in depth the specific audit failure cases.Chapter 4 further discusses the causes of audit failure externally and internally from the accounting firm.The external causes mainly include chaotic competition in the audit market,inadequate supervision by the auditing industry,and fraudulent behavior by the audited entity;internal causes mainly include the failure of the CPA audit procedure to execute.In place,CPAs did not maintain due professional ethics and the quality control of accounting firms was not standardized.Chapter 5 proposes corresponding solutions,establishes a good market competition environment,enhances supervision and punishment,standardizes the internal control of the audited entity,strengthens the professional ethics of certified public accountants,and promotes the standardization of quality control of accounting firms.The sixth chapter is the conclusion of this article.