Case Study On Backdoor Listing Audit Failure Of Reanda To Jiuhao Group

In recent years,the number of companies listed by China's backdoors has increased,because the total cost of backdoor listings relative to IPOs has been much smaller,which has inspired many companies to go public through backdoors.The financial fraud in the backdoor listing process is also endless.Some accounting firms' auditing processes are not standardized,failing to expose the company's fraudulent behavior,which ultimately leads to audit failure,which has extremely adverse effects on the entire securities market,not only for securities intermediaries.Professionalism and ethics have been questioned,and the majority of small and medium investors have suffered losses.It is necessary to study why the intermediary audit institutions frequently fail auditing,and dig deep into the deep-rooted reasons for the auditing failure of accounting firms,and use this as a basis to propose risk prevention countermeasures to audit institutions and certified public accountants.Faced with the current financial fraud cases announced by the China Securities Regulatory Commission and the emergence of auditing failures of accounting firms,improving the auditing quality of accounting firms and exposing corporate financial fraud are urgent problems to be solved.Taking the risk factor theory as the analytical framework,this paper analyzes the reasons for the audit failure of accounting firms from the financial fraud motivation of the audited entities by means of risk-oriented theory and individual behavior theory,and proposes countermeasures to improve audit quality and avoid audit risk based on this.Suggest.Then the paper selects the financial fraud situation of Jiuhao Group as a case,applies the risk factor theory to it,and combines the risk-oriented audit theory and the individual behavior theory to study the reasons for the audit failure of Reanda Certified Public Accountants,and at the same time,from morality,motivation and opportunity.In terms of the possibility of exposure,the punishment factor is used to provide auditing strategies for accounting firms to avoid audit failures.At the same time,financial fraud presents a stronger professionalism,deeper hidden,fraudulent methods are no longer centralized,but more decentralized,and combined with the depth of the Internet,which makes the situation faced by external audit more complicated.It can be seen that the firm's use of new audit ideas and countermeasures should pay more attention to the current amount of audit subjects,assess the external business environment of the company,and understand the operating methods of emerging companies such as the Internet.At the same time,it should also have a high degree of professional skepticism.It should not be limited to the process of auditing the draft.Instead,it should analyze the specific issues and propose a targeted auditing procedure.In this way,we will continuously improve the audit quality of audit institutions,guard against audit risks,and avoid audit failures.