Application Research Of Modern Risk-oriented Audit In XY Accounting Firm

Due to the defects of the traditional audit model itself,coupled with the complexity of the audit environment and the pressure of cost,modern risk-oriented auditing has emerged as the times require,and more and more attention has been paid.In 2007,China began to officially promote the application of modern risk-oriented audit models,but in the process of application,various problems have arisen,and even audit failures have occurred.Therefore,it is necessary to study the application of modern risk-oriented auditing models in accounting firms.This paper takes XY accounting firm as the research object and studies its application to modern risk-oriented auditing.The biggest feature of the modern risk-oriented audit model compared to the traditional audit model is the advancement of the audit focus and the work of the audit planning phase.Through the analysis of the current situation of XY CPA's modern risk-oriented audit,it is found that the problems in the audit of XY CPA firm include: the plan audit work is not rigorous,the risk appraisal process is ineffective,and the audit execution stage is hard-wired.This is in line with the modern risk-oriented audit model.The characteristics are contrary to each other and cannot identify risks from the root cause.In order to solve the above problems,this paper proposes an optimization design,which is mainly based on the analytic hierarchy process-fuzzy comprehensive evaluation method,and establishes an audit risk assessment model including five indicators and a major two-level indicator including six first-level indicators.Misreporting the risk assessment model allows the audit risk and the risk of material misstatement to be quantified,and then the risk can be quantified,which can effectively guide the subsequent audit work.The optimization design is applied to the audit of F company,and the problem of XY accounting firm in the audit planning stage and audit execution stage is solved through the establishment of risk assessment model.The application research of XY accounting firm proves that under the modern risk-oriented auditing model,it is feasible to use the analytic hierarchy process-fuzzy comprehensive evaluation to establish an audit risk assessment model and a major misstatement risk assessment model,which can improve audit quality and efficiency,with a certain representativeness,can provide reference for other accounting firms.