Ruihua Certified Public Accountants On The IPO Audit Risk Case Study Of Zhenlong Company

The existing enterprises generally get needed to raise funds through the capital market in order to expand the scale.Enterprises' desire of quickly IPO listing,urgent success and immediate benefits make financial fraud problems occur frequently,which is detrimental to the normal and healthy operation of China's capital market.The emergence of this phenomenon is not only violations to the immediate interests of the relevant personnel,but also brings to the auditing profession,triggering public mistrust of accounting firms' audit behavior.Audit failures of events occurring in the IPO process,mostly relate to the IPO audit risk prevention failure.In order to improve the audit quality,explore how to prevent the problem of IPO audit risk,it can better protect the legitimate rights and interests of many investors,improve the audit the credibility of the industry,and it will also make capital market recovery in order to run smoothly.Choosing one of the industry "leader" Ruihua Certified Public Accountants as the research object to study the problem,is of great practical significance.This thesis starts from the perspective of the IPO audit risk,and at the same time refers to vibration by the CSRC public punishment Ruihua lunt IPO audit carry out specific analysis on the incident.Combining with case analysis and literature research of these two kinds of research methods,in the case analysis,the thesis starts with an accounting firm.According to the principal-agent theory,modern risk oriented theory,information asymmetry theory,and three theories,firstly the thesis expounds the basic background of the case,then discusses Ruihua lunt of vibration in production this case what problem appeared on the IPO audit and IPO audit risk analysis.Finally,in view of the Ruihua Certified Public Accountants,this thesis puts forward six suggestions on preventing risks of IPO audit,i.e.the CPA professional doubts ability,improving the certified public accountant professional competencies,strictly carrying out audit procedures,formulating audit review system,strengthening the merger matters of risk control and strengthening the construction of the firm's quality control system.Although the thesis only lists the Ruihua Certified Public Accountants on vibration lunt the IPO audit failure cases,suggestions are mostly put forward from the perspectiveof Ruihua.But it still wants to be able to by dot and face for the industry in each in IPO audit risk prevention issues to broaden the new way of thinking.It is hoped that in the future,all certified public accountants can be warned from this case,effectively reduce the frequency of such cases,and make the future development of CPA industry in China better and better.