The Study On The Audit Failure Of CPA

The frequent occurrence of audit failure not only makes the accounting firm and the certified public accountant's trust drop sharply in the hearts of the masses,but also causes the investors to suffer serious economic losses,and damages the credibility of the capital market and seriously affects the social economic development.The first chapter summarizes the opinions of scholars at home and abroad.The second chapter discusses the relevant theories of audit failure and elaborates the concept of audit failure,and summarizes the differences and connections between audit failure and related concepts.By analyzing the administrative punishment decision announced by the China Securities Regulatory Commission against the audit failure cases from 2014 to 2018,the status quo and harm of the audit failure of CPAs in China are understood from a macro perspective.The third and fourth parts of this paper analyze the audit failure of the delisting Boyuan,and discuss the reasons from the firm and the certified public accountant,the audited entity and the auditing practice environment,and the fifth chapter proposes a corresponding solution.The final part of the article summarizes the conclusions and outlook of the study.