From the Punishment Announcement to Explore the Audit Review Problems and Suggestions Abstract

Yishan Liao

doi:10.6981/FEM.202407_5(7).0002

Authors

Yishan Liao

DOI:

https://doi.org/10.6981/FEM.202407_5(7).0002

Keywords:

Audit Review; Audit Risk; Certified Public Accountant.

Abstract

In recent years, with the economic development, the influence of audit reports in the society is also expanding. Through statistical analysis of the punishment announcement of China Securities Regulatory Commission from June 2022 to January 2024, this paper found that the cases of financial data fraud of joint-stock companies are closely related to the review of audit quality. The low quality of review will lead to accounting firms issuing distorted audit reports and investors making wrong judgments, resulting in heavy losses and social impact. This paper analyzes the common problems, explores the influence brought by this factor and puts forward suggestions for reference.

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