Research On Modern Risk Oriented Audit Of Z Accounting Firm

With the rapid development of China's economy,the business environment is becoming more and more complex,and the relationship with the internal and external economic environment is more and more close.The audit of modern enterprises to pay more attention to the risk response and prevention.On the other hand,the audit occupational environment is also changing quietly.Facing the saturation of the market,there has been the price competition between the firms,the audit failure and the litigation cases frequently occur,such as Enron Scandal and WorldCom Event in foreign countries,the domestic Yinguangxia Events and the Zhongtianqin Failure.Like the traditional risk oriented audit,it can no longer meet the needs of development.Therefore,the emergence of modern risk oriented audit is the inevitable outcome of the development of market management environment.It is a hot topic for the accounting firm to carry out modern risk oriented audit and integrate it effectively with the characteristics of all walks of life to assess and deal with the risk of major misreporting.On the basis of the related theory of risk oriented audit,this paper takes the risk oriented audit of S power engineering company as the research object by Z accounting firm,and summarizes the problems of Z accounting firm in the traditional risk oriented audit of S power engineering company by using the methods of literature research,interview survey and SWOT analysis.Based on the problems and reasons,S power engineering company carry out mainly from the risk assessment stage,the risk response stage and the audit report stage in S power engineering company annual report audit.According to the actual situation of S power engineering company,Z accounting firm establishes a modern risk oriented audit system,and puts forward a perfect opinion,which has a strong guiding significance for practice.