Research On The Audit Failure Case Of Shine Wing Certified Public Accountants

The continuous emergence of financial fraud in listed companies has greatly disrupted the normal financial order,disrupted the healthy development of the securities market and threatened the steady improvement of the socialist market economy.As can be seen from the statistical analysis of the 2012-2018 written decision on administrative punishment of listed companies issued by China securities regulatory commission,financial fraud cases of listed companies in China have been increasing rapidly in the past seven years,and this phenomenon has become more and more intense and gradually spread.Throughout the development of China's securities market,financial fraud of one listed company after another has directly threatened the credibility of many investors in the standardized management of the capital market,affected the determination of the majority of investors to invest in the capital market,and caused a serious crisis in modern economy.Therefore,how to timely find and identify financial fraud problems of listed companies,formulate relevant prevention and treatment measures,and maintain the order of listed companies is very important.Based on the above background,this paper selects Huaiji Dengyun auto-parts(Holding)Co.,Ltd.(hereinafter referred to as "Dengyun shares")financial fraud case as the research object,according to the financial fraud punishment announcement of Dengyun shares issued by CSRC,combined with the annual report data of Dengyun shares before and after listing and the fraud means published;Using the fraud triangle theory,this paper analyzes the motivation of continuous fraud in the three annual reports of dengyun stock after listing.Through theoretical summary and comprehensive analysis of practical cases,the negligence analysis,object cause analysis,subject cause analysis,social environment cause analysis and other factors analysis of dengyun share audit case were completed.On this basis,it summarizes the enlightenment of dengyun share audit case and analyzes the lessons of its financial fraud.Finally,in view of the above analysis,this paper puts forward with the financial audit firms to prevent financial fraud of listed companies should be more level strategy,specific include: audit case overall coping strategies and coping strategies of the object,subject of the coping strategies of coping strategies and social environment,in order to reduce the happening of the fraud audit failure,maintaining the order of the development of capital market and safeguard the credibility of the accounting firm financial audit report.At present,how to reduce the audit failure is a difficult problem in the audit field.The reasons for the audit failure come from the process,mainly from the audit procedure and the execution procedure.Combined with the specific audit failure cases of xinyong zhonghe on dengyun stock,the author analyzed the reasons for the audit failure,and found the relevant procedures and methods to solve the audit failure,so as to provide practical guidance for the prevention of audit failure.This study can also provide reference for regulatory agencies to formulate relevant policies and regulations.