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Research on Audit Failure of *ST Xinyi

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DOI: 10.23977/SMEHR2023.020


Yuchen Ouyang

Corresponding Author

Yuchen Ouyang


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.


*ST xinyi, Audit failure, Financial fraud

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