Research On Quality Control Of Accounting Firms Undertaking Government Audit Projects

The "Administrative Measures for Government Procurement Services" officially implemented on March 1,2020 provides policy guarantees and guidance for accounting firms to undertake government-entrusted audit business.Accounting firms’ acceptance of government audit projects has become a hot topic in recent years,and it plays a key role in maintaining the financial transparency of government departments,standardizing operations,and preventing corruption.On the one hand,the nature of government audit projects is very special,and its audit scope,audit standards,audit methods,etc.need to strictly abide by relevant laws and regulations.On the other hand,the importance of government audit projects lies in safeguarding public interests and social trust.The accounting firm is the subject of third-party audit services,and its quality control plays an important role in safeguarding public interest and social trust.By studying the quality control of accounting firms undertaking government audit projects,we can better ensure the authenticity,accuracy and fairness of audit projects,maintain public interests and social trust,and improve social satisfaction and recognition.Based on transaction cost theory,principal-agent theory,information asymmetry theory,and reputation theory,this paper will analyze the quality control research of accounting firms undertaking government audit projects by taking the audit project of land expropriation and demolition funds undertaken by R accounting firm as a case.First of all,this article introduces the case of R accounting firm undertaking the audit project of land acquisition and demolition funds.Secondly,through the research on the audit project of land expropriation and demolition funds undertaken by R accounting firm,this paper finds that the audit quality control problems exist in the audit preparation stage,audit implementation stage,and audit review stage in the audit review stage.The reasons behind these problems are due to The audit plan is divorced from reality,the talent echelon construction is insufficient,the audit evidence collection is relatively random,and the audit fee standard is too low.Finally,through the study of the above cases,starting from the stages of audit preparation,implementation,review,and review,the quality control improvement suggestions for accounting firms undertaking government audit projects are obtained.This paper starts from the problems found in the process of undertaking government audit projects from the perspective of accounting firms,and is innovative in terms of research topics and content.On the one hand,government audit projects are complex and professional,and quality control is the basis for ensuring audit quality.Accounting firms should establish a sound quality control system and standardize audit procedures and standards,thereby improving audit quality and credibility.On the other hand,government audit is an important means to monitor government behavior and use of public property.Accounting firms undertake quality control research on government audit projects,which will help regulatory authorities strengthen the supervision of audit institutions and standardize industry behavior,thereby improving the credibility and effectiveness of audit results.The research on the quality control of accounting firms undertaking government audit projects is of great value and significance for improving audit quality and promoting the modernization of national governance.