其他摘要：With the rapid development of capital market in China, the occupation of certified public accoun-tant (CPA) has experienced huge growth for decades. CPA has become an essential and important constituent in China’s macroscopic economic. However, in the recent years, the cases of audit failure emerged quite frequently around the world, such as in 2001 the Enron case of the United States that had made the Arthur Andersen’s shut down. Likewise in 2001, YinGuangXia’s case caused ZhongTianQin accounting firm retreated from the historical stage in China. Furthermore, in 2005, KeLong incident broke out, and then in 2006, Deloitte and Touché accounting firm was summoned by China Securities Regulatory Commission (CSRC). All these cases have called very much attention on audit field. This paper will then focus on the main causes of the audit failure. Through case analysis, this paper will discuss the major reasons for the CPA audit failure in China in order to provide further contribution in such analysis.
