On Quality Control Of Final Financial Accounts Audit

Since the reform and opening up,China's economy has been growing at a relatively fast rate,and the speed can not be separated from the construction of engineering projects.If a project is to be converted into fixed assets after completion,it must through the final financial accounts audit.Auditing the engineering projects can verify the final total cost of the project,and help to evaluate the investment benefit and promote the project management level of the construction company so as to urge the company to improve its quality of project management.However,due to various factors,the quality of final financial accounts audit in many audit institutions is not high.However,many project investors are government institutions,and the sum is very huge,failure to accurately verify the cost is not conducive to improving the project management level,and may foster the trend of private fraud,resulting in a large loss of state-owned assets.Therefore,the quality of the final financial accounts audit must be improved.In China,part of the the final financial accounts audit is undertaken by accounting firms,and the number of small and medium-sized accounting firms account for the majority of accounting firms in China.However,due to various factors,small and medium-sized accounting firms do not pay enough attention to audit quality control,which directly affects the audit quality.In this paper,case study method is used to study how to control the quality of financial final accounts audit of projects in small and medium-sized accounting firms like D accounting firm through the case of T community project.Firstly,this paper introduces the basic situation of the the project and the enterprise where the project is owned to,and introduces the audit situation from the aspects of audit preparation,implementation and feedback.Besides,it summarizes the present situation of audit quality from several aspects,including business acceptance and auditing?audit procedures implement?data collection?audit draft compilation?audit time expenditure,and the main reason for the problems of audit quality is the insufficiency of quality control from the aspect of D accounting firm.Secondly,this paper describes the problems and analyses the reasons in quality control of T community project audit from the aspects of quality control consciousness,relevant mechanism and audit pattern of final financial accounts of D accounting firm.Thirdly,according to the deficiencies of auditors in the audit,this paper put forward suggestions from the following aspects: in quality management,the accounting firm should strengthen its consciousness of quality control,deeply understand and recognize that only by ensuring audit quality can enterprises achieve long-term development;in recruiting and training employees,recruiters should adhere to the principle of “both moral and professional”,and according to the characteristics of auditors to train the auditors;in the whole process of auditing,the accounting firm should optimize the work of the whole process from the preparation to the feedback work;in terms of supervision and assessment,the accounting firm should build a complete audit quality evaluation system.Not only the quality control department should check the audit quality,but also the third instituion can be introduced to inspect and evaluate the audit work,so as to urge auditors to improve their audit quality.In addition,the firm should take the audit quality as an important part of auditors' performance evaluation according to the results of supervision,take audit quality as an important factor affecting performance and promotion,and abandon the previous practice of measuring performance only by the number and scale of completed engineering projects;in the audit model,the auditors should improve the existing after-the-event audit model,they can set some key points and participate in the project at important moments to obtain first-hand information,and make up for the shortcomings of the after-the-event audit,as also as improve the audit quality.