Study On The Problems Of Understanding And Testing The System Programs Related To Financial Statement

Under the information environment,understanding and testing the information system procedures related to financial statements is an important part of the financial statement audit,which plays a very important role in proving whether the financial data output by the information system of the audited entity is true and complete.However,in recent years,according to the CSRC administrative penalty announcement,there is no lack of understanding and testing financial statements related information system procedures are not in place.For example: They do not understand the information technology environment of the auditee and the information system related to financial statements,and the execution procedures are only in form to complete the working papers,or they simply understand the auditee through interviews without necessary testing procedures,which should arouse the attention of practical experts and scholars.This paper is just about this.Study the current CPA audit practice,understand and test the problems of financial statements related information system procedures,analyze the causes of problems and put forward suggestions for improvement.In the stage of problem study and problem analysis,this paper,by sorting out the announcement of administrative punishment issued by China Securities Regulatory Commission on accounting firms in the past five years and using the method of multi-case analysis,summarizes the problems existing in the audit practice of the information system procedures related to financial statements and conducts in-depth research.It is found that the defects of the information system procedures related to understanding and testing financial statements are serious and universal and bring negative effects on the audit quality of financial statements that cannot be ignored.Then,this paper sends questionnaires to firms based on the research results of relevant literatures and the problems summarized by cases,and analyzes the causes of the problems according to the results of the questionnaires.Finally,it uses fishbone diagram to deeply analyze the problems from five aspects: auditors,technology,external environment,accounting firms and standards.This paper believes that the lack of both understanding of financial statements audit and understand the computer technology of the inter-disciplinary talents,to understand and test financial statements related information system procedures is not enough attention,lack of effective external supervision,the audites do not cooperate,the lack of simple and practical audit tools and audit standards are difficult to apply,which lead to the understanding and test of financial statements related information system procedures is insufficient The main reason for this.At the problem solving stage,this paper puts forward the following suggestions from the level of auditors,accounting firms,auditing technology,external supervision and standards according to the causes of problems analyzed above: Expand the knowledge base of auditors and be highly alert to the risk of testing information systems related to high-risk subjects,strengthen the firm’s guidance on understanding and testing information system procedures related to financial statements,Further implement the review system to strengthen audit quality management,develop simple and easy-to-use audit tools based on understanding the real needs of auditors,strengthen external supervision and accelerate the formulation of relevant standards and norms,etc.In order to ensure the audit of financial statements to understand and test the effective implementation of financial statements related information system procedures and improve the quality of financial statements audit play a positive role.