Research On Audit Quality Control Of AP Accounting Firm

Since the reform and opening up 40 years ago,with the rapid development of China's economy and capital market,the CPA industry has achieved a journey from scratch and continuous development.According to the information of the China Association of Certified Public Accountants,as of the first quarter of 2019,the total number of domestic accounting firms 9055 and CPAs was 256,000.However,with the development of the industry,the audit risk is also prominent.At the national level,the management model of the capital market has entered the era of strict supervision based on information disclosure.The risk faced by accounting firms as an “economic police” is increasing.According to relevant statistics,in the years from 2013 to the present,the China Securities Regulatory Commission has imposed more than 20 administrative penalties on accounting firms.Among them,the financial fraud cases of listed companies Greenland and Wanfusheng are the most typical,which directly led to Two accounting firms with qualifications for securities and futures have been disqualified,which has had a huge impact on the development of the accounting firm industry.This paper type belongs to applied research,mainly based on theoretical analysis,with ap accounting firm as the case background.The research content can be divided into three parts.The first part mainly introduces the concept of audit quality and its control,the analysis of the reasons that affect audit quality,the related theoretical basis,the relationship between audit risk and audit quality control under risk-oriented audit.The second part is the introduction part of the case.It mainly describes the current situation of the quality control system of ac accounting firm,and describes its business classification management system and various auditing processes respectively,which leads to the existence of quality control problems in its practice.The third part is mainly for analysis and discussion.Taking the supervision and inspection situation accepted by ap accounting firm in recent years as the entry point,analyzing the weakened audit risk exposed in the practice process,the audit quality control system is in the design and operation.Insufficient problems,andanalysis of the reasons,and then put forward some improvement measures and rationalization proposals,and finally draw the conclusions of the study.Through the punishment and inspection of accounting firms in recent years,and the new problems that ac accounting firms have in the process of audit quality control,these two aspects comprehensively reflect the importance of quality control to the development of accounting firms..The significance of this paper is mainly how to prevent audit risk and strengthen the construction of practice level in the process of maintaining the order of economic activities and maintaining the authority of relevant economic laws and regulations under the strict supervision form.This has a certain guiding significance in theory and practice for large and medium-sized accounting firms.