Author:Wenqin Mai, Guoli Rao, Yunlong Du Author Unit: School of Accounting, Guizhou University of Financial and Economics , Guiyang 550025, Guizhou, People’s Republic of China Department of Electrical Engineering, Guizhou College of Electronic Science and Technology, Guian 550003, Guizhou, People’s Republic of China
Abstract：Chinas audit of enterprises has been strengthened, and the severity of punishment has been increased. However,
there are audit failures in China. This paper summarizes the number, methods and amount of punishment of
accounting firms punished in China from 2001 to 2019, analyzes the reasons for the punishment of accounting
firms, and gives policy suggestions to avoid punishment.
