A Study On The Countermeasures Of Auditing Failure Of CPA

With the quick development of China's socialist market economy,the CPA industry has become an important institutional arrangement in the economic supervision system.It is an important category of high-end service industry and an important force in social management innovation.It plays an important role in serving the country's economic and social development.However,while the CPA industry is booming,the problem of auditing quality is gradually exposed.In recent years,the CSRC's announcement on the punishment of accounting firms and CPA has aroused widespread concern in the community.Therefore,the failure of CPA audit has also entered the public's view,which has raised questions about the CPA.On the basis of summarizing the domestic and foreign related literature on audit failure and countermeasures,this paper adopts the method of case study and normative study,and based on the relevant audit theory.Based on the CSRC's punishment announcement,this paper studies the problems related to audit failure,and takes the failure of REANDA accounting Firm's multiple audits as an example,analyzes the reasons for the frequent audit failure of REANDA CPA in recent years,such as the CPA's failure to maintain reasonable professional suspicion,the deficiencies in the implementation of audit procedures in the course of auditing and the defects in the quality control of accounting firms.Finally,we draw enlightenment based on this case putting forward countermeasures to prevent audit failure from the two perspectives of CPA and accounting firms.For example,CPA should maintain professional cautiousness and concern,strictly enforce the audit procedures,and enhance professional competence.The accounting firms should strengthen the audit quality control and regularly train the auditors.This article is of great significance for preventing audit failures,improving audit quality,and promoting the healthy development of capital markets and CPA industry.