Auditing failure refers to the fact

Auditing failure refers to the fact that the certified public accountants fail to follow the auditing standards and perform the necessary auditing procedures in the audit process, and publish an audit report in a hasty manner. The opinion does not truly and legally reflect the operating conditions of the company. Usually because of audit failure because of being audited financial fraud and financial fraud, this means that in the audit process once certified public accountants in accordance with the auditing standards, issued by the inappropriate audit opinion and the audit failure caused by will give firm, the integrity and professional competence of certified public accountants and the interests of the investors themselves bring huge losses. Therefore, it is of great practical significance to study the audit failure caused by the failure of certified public accountants and firms to follow the auditing standards.