Research On Audit Quality Management Of Securities Business Of TS Accounting Firm

The promulgation and implementation of the new "Securities Law" has not only injected vitality into the capital market,and expanded the capacity of the capital market.The transition from the registration system to the filing system has also provided a fair competitive environment for the audit of accounting firms,effectively activated the securities service market and speed up the survival of the fittest within the industry.However,some small and medium-sized accounting firms began to undertake securities business,which led to certain changes in the competitive landscape of the audit market.As of the end of April 2021,69 accounting firms have filed for securities business,an increase of 29 from before the amendment of the Securities Law.The income of newly-increased securities firms exceeds 100 million,10 million to 100 million,and about one-third of them each account for less than 10 million,with large differences in scale.At the same time,the combination of registered small and medium accounting firms(especially small firms)and listed companies has received market attention,and their practice quality has also been questioned.Even the business of listed companies undertaken by some new securities is dominated by risky companies.These companies have problems such as capital occupation,illegal guarantees,and doubtful continuous operations to varying degrees.Several of them have even been issued with delisting risk warnings or other risk warnings.However,the quality control system of small and medium-sized accounting firms has not yet taken shape,which undoubtedly increases the audit risk of securities business undertaken by small and medium-sized firms,and also brings challenges to the stable development of the capital market.This article takes TS accounting firm,one of the first accounting firms in China to undertake audit business of listed companies through dual filing,as the research object,combining theory with cases,using case analysis to try to analyze its existence in securities business quality control,the problem,the cause of the problem,and the corresponding countermeasures.The author collects information from TS from various sources to elaborate on the current status of TS’s quality control of securities business at this stage,and finds that due to its own scale,practice ability,etc.,various quality control problems occur in the execution of securities business.Afterwards,analyzed the possible causes of quality control problems through the internal and external environment of TS.Based on this,this article combines TS’s current stage of development,and puts forward specific suggestions for it.It hopes to provide some references and suggestions for TS to improve the quality control system,and help small and medium-sized accounting firms to develop healthily in the new market environment.