Analysis of Audit Failure Cases of Accounting Firms—Take Xinyongzhong and Audit LetV for Example

Abstract

This article takes Shine Wing Certified Public Accountants as the research object, and uses the method of case study to analyze the causes and preventive measures of audit failures of accounting firms. Through the analysis, it is found that Shine Wing has defects in some audit procedures, and its audit failure is mainly caused by the accounting firm and the audited unit. Based on the flaws in Shine Wing's audit procedures and the reasons for audit failure, this paper summarizes the experience and lessons, and puts forward countermeasures against audit failure in a targeted manner.