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< ul>As for audit subjects, the lack of full understanding of the economic activities and accounting information processing of the auditee may lead to audit failures. In terms of audit object, the expansion of audit object and audit scope will increase audit risk and increase the probability of failure.
Business. Accounting firms all hope that their business all scientific and sustainable development opportunities, butIf the audit fails, the client's interests will be damaged, its reputation will decline, its good relationship will not be maintained for a long time, and the business volume will inevitably shrink. Survive. Once audit failure occurs, it is very likely to lead to shareholders, creditors and other legal proceedings, which will directly threaten the existence of the firm.
Other reasons include that the auditor may have selected an inappropriate audit procedure, improperly performed the audit process, or misinterpreted the audit conclusions. These other factors can be achieved through proper planning, proper distribution of responsibilities among project team members, maintaining professional skepticism, and monitoring, mentoring, and reviewing assistantsLet's talk about it here, thank you for taking the time to read the content of this site, more about, don't forget to find out in this site.