Research On The New Auditing Model Of Accounting Firms Basedon Audit Quality Control

With the further deepening of the reform,China's performance in the capital market has become more and more glorious.China's listed companies have experienced the initial stage of not being able to withdraw from the market when they are in.Nowadays,the listed enterprises must be forced to withdraw from the market when they are unqualified During the period of quality,therefore,For striving to reduce the economic turmoil in the growing capital market,the accounting firm that guarantees the quality of information disclosure of listed companies has become the focus of the China Securities Regulatory Commission.Since 2016,the Securities Regulatory Commission has issued penalties frequently,and every audit failure of the firm has caused huge public opinion,which has greatly influence on social distrust of CPAs.Hence,how to improve the quality of auditing and avoid audit failure has become a key topic for the industry and scholars.Inspired by the internship experience,this paper creates a new auditing model and attempts to enhance the independence of the firm by introducing a second independent legal entity in the same business.At the same time,the corresponding business processes,assessment methods,and mutual restraints are designed.The control system finally integrates information resources through the cloud sharing platform to improve audit quality and avoid audit failure.The new audit model relies on the built industry audit cloud platform,and through the mutual restraint of two independent legal entities,the independence and quality of auditing are improved.The platform accesses a large amount of data from industry and commerce and people's banks to help auditors obtain relevant information and improve audit quality.Provisions are made for the established supervisors,and corresponding platform operation and maintenance mechanisms are designed to ensure the normal operation of the platform,with a view to promoting the high-quality development of the domestic audit industry.Over the years,Ruihua Certified Public Accountants has repeatedly lodged a ticket to prove that it has many problems.At the same time,as the second largest domestic capital of China,its problems are representative.This article analyzes the latest cases of penalties and finds the reasons that led to its audit failure.Then simulate the new audit mode to verify the effectiveness of the new model.The case analysis shows that Ruihua's audit failed and quality control failed.Under the new audit mode,the audit quality of Ruihua Firm can be improved to a large extent for the same audit business.