Research On The Prevention Of Audit Failure Of Internet Financial Information Service Industry

The development of China's capital market and the progress of Internet technology have promoted the rise of Internet financial information service industry.Internet financial information service industry is a new industry,which has a good development prospect and plays a very important role in the development of China's social economy.At present,there are few large listed companies,but in 2016,the CSRC found that the establishment of credit to the University The failure of smart audit and the announcement of administrative penalty have been issued.If the industry fails in audit frequently,it will not be conducive to maintaining the stable and healthy economic order of the capital market.Therefore,we must summarize experience and learn lessons from the cases that have already failed in audit,so as to prevent the failure in advance.In addition,Lixin represents the advanced level of domestic accounting firms from the perspective of business scale,practice quality and quality management,but Lixin is still punished this time,which further explains the necessity of preventing audit failure of Internet financial information service industry.Therefore,this paper studies and analyzes the influential big wisdom audit failure cases in this industry,hoping to contribute a little to the prevention of audit failure in this industry,and promote the development of Internet financial information service industry.This paper takes Lixin's failure of big wisdom audit as a research case,analyzes the failure of this audit through literature analysis and case study,first introduces the concept and related theories of audit failure,then explains the industry background,financial characteristics,development prospects,current situation of audit and the significance of preventing audit failure of Internet financial information service industry,and through the integration In recent years,the audit failure cases of relevant accounting firms show that the audit quality of Lixin is low,but the audit failure rate of Lixin still occurs in the big wisdom audit,which further explains the necessity of preventing the audit failure of Internet financial information service.In the case study,it first introduces the basic situation of Lixin's audit failure to the big smart company,and then analyzes the key causes of the audit failure.Interms of auditors,they lack of understanding of the Internet financial information service industry,lack of professional knowledge,inadequate implementation of the audit process,and do not maintain sufficient professional skepticism on abnormal matters;accounting firms On the one hand,the audit quality supervision of accounting firms is not strict,the Internet financial information service industry lacks sufficient risk prevention,and there is no special accountability mechanism for audit failure;on the other hand,the audit object: the corporate governance structure is not perfect,the industry financial fraud is hidden,the audit conditions of the Internet financial information service industry are complex,and the Internet financial information service industry is more standardized Weak;audit environment: weak supervision,low efficiency,less punishment and low cost of violation.Finally,it comes to the suggestions to prevent the audit failure of Internet financial information service industry: auditors should strictly abide by the professional ethics,improve their professional competence to the Internet financial information service industry,strictly implement the audit procedures,and maintain a professional cautious attitude;accounting firms should strengthen the quality control of audit work,and strengthen the staff's relevant to the Internet financial information service industry The characteristics of the study,improve personnel management system,establish a special accountability mechanism for audit failure,improve the audit risk prevention of Internet financial information service industry;improve the governance structure of the industry companies,improve the quality of financial information,strengthen the norms of the industry associations;strengthen the supervision of the audit industry,improve the efficiency of supervision,increase the punishment and increase the cost of violations.