Research On Audit Risk Control Of X Accounting Firm

At present,China's economic development situation is good,listed enterprises such as bamboo shoots after rain.Stakeholders need to judge the real operation status of an enterprise through the audit report issued by certified public accountants,so as to improve the impact of information asymmetry.Demand for audit work grew and competition among firms grew.Under the fierce competition,the audit risk is also increasing day by day.International "big four" by virtue of its refined risk control system and professional technology in the industry leading position for a long time.For domestic capital firms and many small and medium-sized firms,the control of audit risk is still in a chaotic situation.China notes association on the audit risk control issues frequently interviewed major accounting firms.It is also common to see the information of punishment for the firms that do not have adequate risk control.It is urgent to solve the problem of how to strictly control risks while expanding the scope of audit business.This paper first introduces the research background,significance,methods and research results of domestic and foreign scholars on audit risk control.Secondly,the theory of audit risk and its control is discussed in detail.In the research process,X firm is taken as the research object to conduct in-depth investigation and research from the firm level and the four basic stages of specific projects,namely,business undertaking,making audit and plan,implementation plan and issuing report.Based on the current situation of audit risk control in X office,it is found that there are some problems such as the weak risk management awareness of front-line employees,unscientific audit risk control measures and unsatisfactory audit risk control effect.Questionnaire,interview and field survey are adopted to identify the existing risks of the firm,and gray comprehensive analysis and evaluation method is adopted to conduct quantitative evaluation of the identified risks,and finally the result that the audit risk of the firm is in the middle risk is obtained.Finally,according to the evaluation results,put forward effective risk control countermeasures and safeguard measures.