Reflections on the state-owned audit _3712

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Reflections on the audit state-owned enterprises

In recent years, the CPA auditing scandals of listed companies often heard, but not on the audit of state-owned enterprises as the outbreak of a serious incident such as Guangxia, this mean that the audit of state-owned enterprises there is no problem? In fact, the situation is not the case. Currently, the CPA audit state-owned enterprises the main problems: First, some CPAs can not find the existence of the audited entity Cuobi accounting, financial fraud, or found not to be corrected after the disclosure; the second is a small number of certified public accountants audited units to meet unreasonable demands, issued the results of different audit reports and more; third individual CPA malicious collusion with the audited entity, the audit report issued by serious inaccuracies. These problems show up audit of state-owned enterprises accounting deficiencies of the duty of due diligence, to strengthen the management of state-owned enterprises did not play its due role. CPA audit of state-owned enterprises cause of the problem a lack of awareness of the risks of the audit of state-owned enterprises. In the accounting firm of certified public accountants in charge of concept and is generally considered high risk audit of listed companies, auditing the risk of small state-owned enterprises, which in the audit, consciously or unconsciously, to relax the requirements on audit quality. Accounting firms to keep customer disputes, low audit fee of competitive strategy. In the case of low audit fees, the accounting firm in order to ensure satisfactory profit margins, only to reduce the audit staff, streamline the audit process and other means, resulting in audit quality can not be guaranteed. Lack of professional ethics and legal awareness. Some of the audited entity in order to achieve the purpose is not normal to the interests of the bait material requirements issued by accounting firm or certified public accountant's audit report false. Accounting firm or certified public accountant under the temptation of material interests in the home of professional ethics, laws and regulations without regard to, in accordance with the audited entity's unreasonable demands, and even collusion with the audited entity's audit report issued by a serious misrepresentation. Professional quality of the audit can not guarantee the quality of audit work. Accounting firms to reduce costs, the amount of instability in the audit business, low awareness of audit risk cases, not equipped with enough high-quality auditors, but by the amount of auditing the auditors of temporary jobs, such as the recruitment of internship students, eager for jobs in the job market personnel. The result is reduced labor costs accounting firms, audit quality is low. CPA audit of state-owned enterprises is currently no reason for the outbreak of major issues in the accounting statements of state-owned enterprises reported only a few units, the lack of public supervision. State-owned enterprises usually require only the financial statements present the financial departments, tax departments, business administration departments, banks and higher authorities, the various departments of the accounting statements of the purpose and use of different emphases, some companies in order to meet the needs of different users of financial statements, requires several different accounting firms issued the results of the audit report. Since no financial statements announced, the lack of public oversight of the most extensive group,[link widoczny dla zalogowanych], accounting statements, the problem is difficult to be found. State-owned enterprises had little impact on the audit report. Relative to audit reports of listed companies, the state-owned enterprises can not produce the audit report not only affect the surface oscillation of the stock market this great effect, but also the legal representative assessment of the impact of the work of supervision is not great. As the influence of small audit report, the agencies and the public of their concern is not highly, even if the audit report serious problems it is difficult to be found. Audit of state-owned enterprises inadequate supervision and management mechanism. Audit of listed companies by the Institute of Chartered Accountants, the Securities Regulatory Commission, the financial sector, the media, the public and other aspects of supervision and management, auditing problems likely to be found. The supervision of state-owned enterprises subject only audit of Certified Public Accountants and the financial sector, in the audit of state-owned enterprises under a huge volume of business, relying on the supervision and management of these two departments is clearly not enough. Audit of state-owned enterprise risk analysis ground Shenzhen Zhongtian Certified Public Accountants has been revoked, suspended, Shenzhen colleagues accounting firm qualified securities and futures, these examples show that the CPA audit of listed companies has great risk. Currently, the accounting firm for the audit of state-owned enterprises are not true and being addressed, very few examples of punishment, but the CPA to audit the risk of state-owned enterprises still exist, the audit risk mainly from the following aspects:

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