Author(s)

Yuchen Ouyang

Corresponding Author

Yuchen Ouyang

ABSTRACT

The occurrence of financial fraud audit failures of listed companies affects the benign operation of the capital market, and also creates a reputation crisis for the accounting firm industry. This paper takes the forced delisting stock *ST Xinyi in the A-share market as a case, analyzes the reasons for its audit failure from three aspects: listed companies, accounting firms, and the external environment, and specifically proposes to prevent audit failures caused by financial fraud countermeasure suggestions.

KEYWORDS

*ST xinyi, Audit failure, Financial fraud