Author(s)

Chen Hehong

Corresponding Author

Chen Hehong

Abstract

The occurrence of audit failure cases not only causes huge economic losses to investors, but also makes the credibility of certified public accountants decline sharply, affecting the survival and healthy development of the audit industry. This paper takes the Yabate audit failure case as the research object, analyzes the internal and external factors of audit failure, and proposes improvement suggestions from this point. Through the analysis of individual cases, the common problems of audit failure are found, which can be used for reference by accounting firms, certified public accountants and relevant regulatory authorities.

Keywords

Audit failure; Financial fraud; Auditors; audit risk