Research On Disclosure Of Key Audit Matters Of HX Certified Public Accountants

Since the beginning of the 21 st century,with the increasingly perfect socialist market economic system today,the information delivered by the audit reports issued by accounting firms to enterprises can increasingly affect investors' investment decisions.Therefore,the market supervision department is also constantly improving the corresponding auditing standards in order to provide more and more useful information for the expected users of the audit report,and at the same time enhance the scientificity and authority of the audit report and protect the rights and interests of the report users.China issued the CSA1504 document in 2016 to revise the auditing standards.The standards require that key audit items be added to the audit report.This major reform has effectively resolved the lack of effective information content in the previous standard audit report,except for the audit opinion.Other key issues.The key audit matters increase the information that CPAs focus on in the audit process in a targeted manner,so that the report users can understand the specific situation of the audited unit more intuitively,and increase the scientificity and effectiveness of investment decisions.However,in this reform,Standard No.1504 only explained key audit matters in a broad sense,and did not put forward specific requirements for the determination and description of key audit matters,which led tothe existence of the process of determination and description of key audit matters It is very subjective,so the analysis of the content of key audit matters is particularly important.Based on the study of relevant literature at home and abroad,this article focuses on the use of quantitative research and case research to compare the audit reports issued by HX Certified Public Accountants in 2018 and 2019 with listed companies in China based on modern risk-oriented auditing and information asymmetry.In the past two years,the overall situation of the disclosure of key audit matters was compared and analyzed.It was found that HX Certified Public Accountants had problems with the standardization of language descriptions,small number of listings,simple repetition in different years when disclosing key audit matters,and analyzed the possible causes of the problems.Finally To make recommendations on optimizing the disclosure of key auditing matters of HX Certified Public Accountants,such as improving the audit report market quality supervision,improving the audit report quality supervision system of the accounting firm,and improving the professional quality of certified public accountants.This study can also provide other audit firms with highly operable key audit matter disclosure optimization ideas,enhance the credibility of users of audit reports to auditors,improve the capital allocation capacity of China's securities market,and reduce external use The degree ofinformation asymmetry between the person and the audited unit and the risks that the CPA firm may face.