Research On The Optimization Of Audit Quality Management Of XL Accounting Firm Under The New Quality Management Standards

In recent years,due to the continuous development and improvement of the capital market,the domestic auditing requirement has increased,and the accounting firm industry has developed rapidly,which has aroused the interest of accountants from all walks of life in auditing work.Audit quality is very important in the accounting firm industry,which is related to the rapid development of the firm.In recent years,frequent financial fraud cases such as Zhangzidao Group CO.,LTD,Kangmei Pharmaceutical and Kang Dexin show that there are still many problems in the audit quality management of accounting firms,even some large accounting firms can not be spared.The quality of auditing is not only related to the development of accounting firms themselves,but also to the interests of investors.Therefore,audit quality management is a topic that should be paid attention to.On November 9,2020,the Ministry of Finance issued a new quality management standard,which puts forward higher requirements on the quality management of accounting firms.This standard has attracted widespread attention.This paper firstly explains the related concepts and theoretical foundations of audit quality,audit quality management and the new quality management standards,organizes the latest quality management standards and analyzes the differences between the new quality management standards and the current standards.Secondly,using the case study method to analyze the current status of audit quality management of XL accounting firm,while referring to its own internship experience,in contrast to the requirements of the new quality management standards,from the accounting firm’s risk assessment procedures,governance and leadership,and related Proceeding from the eight elements of professional ethics requirements,customer relationship and specific business acceptance and maintenance,business execution,resources,information and communication,monitoring and rectification procedures,summarize and analyze the problems that XL accounting firm has in audit quality management and analyze the cause of the problem.After that,with reference to the new quality management standards and application guidelines,combined with the specific circumstances of XL Accounting Firm,targeted optimization suggestions were put forward for the existing problems.Finally,summarize the relevant conclusions of this research.After the research of this paper,I hope to provide guidance and reference for accounting firms to optimize audit quality management and improve audit quality in theory and practice,and make some contributions to the healthy development of my country’s accounting firm industry.