Research On The Causes And Governance Of Audit Collusion Under The Filing System

With the continuous development of China’s economy,under the new situation,more and more enterprises continue to pour into the market,and the competition among enterprises is constantly increasing.Enterprises need to maintain their own industry status,improve the reputation and image of enterprises,improve their own industry competitiveness,and attract investment.And enterprise’s financial statements are often recognized whether a company has the important basis of investment value,financial statements data is the most intuitive reflect the basic situation of enterprises,is the financial statements expected users to understand the company,but because of this,enterprises in order to maintain their own interests,tend to hide financial statements to beautify the statements,spread the good news to the outside world.And accounting firms as the "gatekeeper" of the financial statements audit,should keep independent justice,but because the firm is also profit,need to maintain their own interests,and in this case,once the enterprise to firm "temptation" more than firm is punished,firm may be desperate,and the auditees audit collusion,realize the maximization of their respective interests.Before the promulgation of the new Securities Law,there were only 40well-known accounting firms that could engage in securities audit business,while the remaining small and medium-sized firms could only compete in many non-listed enterprises under the background of the examination and approval system.With the promulgation of the new "securities law",accounting firms engaged in securities qualification audit from the original approval system,to the record,make smaller firms also have the opportunity to enter the securities business market,but it is worth thinking about,in this background,the new into the record of accounting firms face its own small scale,weak bargaining power,in the face of high audit fees,whether it can keep its own independence,refused to agree with audit?Therefore,this paper is based on the promulgation of the new Securities Law,the study of audit collusion in the audit market under the background of the filing system,and analyzes whether the newly entered accounting firms can maintain their own independence in the face of securities audit business.In this case,this paper takes Shenzhen Tang Audit Xinyi Company as an example to analyze the specific situation of the audit collusion between Shenzhen Tang Accounting Firm and Xinyi Company under the filing system.In this paper,through the relevant literature and relevant concepts of audit collusion,Qualitative analysis of the audit collusion,To further analyze the reasons for the audit collusion between certified public accountants and the auditees,research finding,In the context of the implementation of the filing system,Cancel the original examination and approval system is more strict access restrictions,The accounting firms that did not have securities business qualifications also have the opportunity to participate in the audit business of listed companies,However,there is a certain gap between the size of the new accounting firms and the number of certified public accountants and the original 40 firms,Add to that the high returns faced by new accounting firms,And the low guarantee of their independence in order to maintain "hard-won" audit clients,The possibility of audit collusion has been greatly increased.The implementation of the record is in order to promote the development of the certified public accountants industry,but due to the record implementation is short,related supporting measures is not perfect,based on the above situation,this paper puts forward the solution to the hope of the scholars to the audit collusion also hope to encourage external regulators against the background of system change,for the new record accounting firms to strengthen supervision,strictly strengthen the practice regulation,standardize the market order,promote fair competition industry.