Study On The Improvement Of Modern Risk-Oriented Audit Business In D Accounting Firm

In recent years,the fraudulent incidents of listed companies have been continuously exposed,causing the CPA to encounter a crisis of confidence.In order to effectively identify and respond to risks,new audit concepts are constantly proposed and applied by accounting firms.As an innovative audit concept,modern risk-oriented auditing concept is a supplement and upgrade to traditional audit.It can guide auditors to use diversified methods to identify and deal with audit risks in the audit process.D Accounting Firm has been committed to promoting the modern risk-oriented auditing concept,and it is urgent to discover the problems and deficiencies exposed in the application process,and propose effective solutions to promote the long-term healthy development of D Accounting Firm.Starting from the modern risk-oriented auditing concept,based on the relevant basic theories such as system theory,strategic management theory,risk management theory,fraud motivation theory,etc.,and sorting out the audit engagements of D Accounting Firm’s annual statutory audit report,including the planning stage,risk assessment stage,the internal control testing stage,the substantive procedure stage and the audit report issuance stage,analyzed and found that D Accounting Firm had insufficient risk assessment procedure,imperfect risk response measures,and inaccurate identification of key control points in internal control testing during the audit process,the substantive procedures are not implemented in place and auditors’ knowledge reserve does not match the needs of the engagement,and analyzed the root reasons of the problems through qualitative and quantitative analysis.The main reasons are that it is difficult to fully implement modern risk-oriented auditing,the firm lacks a database for obtaining industry information,the internal quality control of the firm is not in place,and the knowledge structure of auditors in accounting firms is highly homogeneous.This thesis proposes the optimization to help D Accounting Firm improve modern risk-oriented auditing from the perspective of enriching the audit analysis content in the risk assessment stage,improving the audit quality of control tests and substantive procedures,focusing on the risk control of personnel management in the audit process,and strengthening the knowledge training of auditors in modern risk-oriented auditing.Through the study on the application of modern risk-oriented auditing concepts in D Accounting Firm’s audit business,as well as the discussion on the problems,causes and improvement countermeasures in its application process,it can be found that modern risk-oriented auditing can better deal with the complex audit environment and enterprise environment.Auditors need to learn to change their audit thinking,maintain a professional skeptical attitude,and fully understand and implement the audit concept,So as to provide some reference and suggestions for D Accounting Firm’s future audit business,and achieve the purpose of improving audit efficiency and audit quality.