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Geological and Mining Engineering

Geological and Mining Engineering (GME), published by Scineer Publishing PTE. LTD, is an open-access journal. GME is devoted to publish geological and mining engineering related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on geological and mining engineering throughout the world. GME welcomes all original

ISSN: 3029-1887(P)
3029-2034(O)

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Food Safety and Quality

Food Safety and Quality (FSQ), published by Scineer Publishing PTE. LTD, is an open-access journal. FSQ is devoted to publish food safety and quality related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on food safety and quality throughout the world. FSQ welcomes all original manuscripts that do not be published in any other journals.

ISSN: 3029-2115(P)
3029-2123(O)

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Hydraulic Engineering and Power Research

Hydraulic Engineering and Power Research (HEPR), published by Scineer Publishing PTE. LTD, is an open-access journal. HEPR is devoted to publish hydraulic engineering and power related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on hydraulic engineering and power throughout the world. HEPR welcomes all original manuscripts that do not be published in any other journals.Â

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    ISSN: 3029-2158(P)
         3029-2166(O)

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Medical and Health Research

Medical and Health Research (MHR), published by Scineer Publishing PTE. LTD, is an open-access journal. MHR is devoted to publish medicine related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on medicine throughout the world. MHR welcomes all original manuscripts that do not be published in any other journals.Â

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    ISSN: 3029-2190(P)
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Practical Medical Research

Practical Medical Research (PMR), published by Scineer Publishing PTE. LTD, is an open-access journal. PMR is devoted to publish medicine related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on medicine throughout the world. PMR welcomes all original manuscripts that do not be published in any other journals.Â


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    ISSN: 3029-2085(P)
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Forum on Research and Innovation Management

Forum on Research and Innovation Management (FRIM), published by Scineer Publishing PTE. LTD, is an open-access journal. FRIM is devoted to publish research and innovation management related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on research and innovation management throughout the world. FRIM welcomes all original manuscripts that do not be published in any other journals.Â

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    ISSN: 3029-1933(P)
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Construction Safety Technology and Management

Construction Safety Technology and Management (CSTM), published by Scineer Publishing PTE. LTD, is an open-access journal. CSTM is devoted to publish construction safety technology and management related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on construction safety technology and management throughout the world. CSTM welcomes all original manuscripts that do not be published in any other journals.Â

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     ISSN: 3029-2069(P)
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Industrial Technology Research

Industrial Technology Research (ITR), published by Scineer Publishing PTE. LTD, is an open-access journal. ITR is devoted to publish industrial technology related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on industrial technology throughout the world. ITR welcomes all original manuscripts that do not be published in any other journals.

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    ISSN: 3029-1895(P)
          3029-2026(O)

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Environmental Protection and Health

Environmental Protection and Health (EPH), published by Scineer Publishing PTE. LTD, is an open-access journal. EPH is devoted to publish environmental protection and health related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on environmental protection and health throughout the world. EPH welcomes all original manuscripts that do not be published in any other journals.Â

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    ISSN: 3029-1909(P)
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Artificial Intelligence Technology Research

Artificial Intelligence Technology Research (AITR), published by Scineer Publishing PTE. LTD, is an open-access journal. AITR is devoted to publish artificial intelligence technology related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on artificial intelligence technology throughout the world. AITR welcomes all original manuscripts that do not be published in any other journals.Â

    ISSN: 3029-1968(O)
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Curriculum Learning and Exploration

Curriculum Learning and Exploration (CLE), published by Scineer Publishing PTE. LTD, is an open-access journal. CLE is devoted to publish curriculum related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on curriculum throughout the world. CLE welcomes all original manuscripts that do not be published in any other journals.Â

    ISSN: 3029-1976(O)
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Evaluation of Educational Research

Evaluation of Educational Research (EER), published by Scineer Publishing PTE. LTD, is an open-access journal. EER is devoted to publish education related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on education throughout the world. EER welcomes all original manuscripts that do not be published in any other journals.

    ISSN: 3029-1992(O)
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World Education Forum

World Education Forum (WEF), published by Scineer Publishing PTE. LTD, is an open-access journal. WEF is devoted to publish education related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on education throughout the world. WEF welcomes all original manuscripts that do not be published in any other journals.

    ISSN: 3029-214X(O)
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New Explorations in Education and Teaching

New Explorations in Education and Teaching (NEET), published by Scineer Publishing PTE. LTD, is an open-access journal. NEET is devoted to publish education related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on education throughout the world. NEET welcomes all original manuscripts that do not be published in any other journals.Â

    ISSN: 3029-200X(O)
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Modern Economic Management Forum

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Modern Economic Management Forum (MEMF), published by Scineer Publishing PTE. LTD, is an open-access journal. MEMF is devoted to publish modern economic management related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on economic management throughout the world. MEMF welcomes all original manuscripts that do not be published in any other journals.Â
    ISSN: 3029-2182(O)
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Research and Commentary on Humanities and Arts

Research and Commentary on Humanities and Arts (RCHA), published by Scineer Publishing PTE. LTD, is an open-access journal. RCHA is devoted to publish humanities and arts related articles in the form of original papers, review papers and case studies. It also provides a platform for scholars to exchange the latest information in the related fields and aim to promote the research on humanities and arts throughout the world. RCHA welcomes all original manuscripts that do not be published in any other journals.Â

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      ISSN: 3029-2050(O)
           3029-2042(P)

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Scineer Publishing is a publisher of open access journals. Covering various disciplines and promoting interdisciplinary development, Scineer Publishing adheres to a principle of respecting academics, and publishes insightful and rigorous academic research contents.

12 Eu Tong Sen Street, #07-168, Singapore 059819
E-mail: scineerpub@126.com

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Copyright © 2023 Scineer Publishing Pte. Ltd.

A Case Study on the Breakdown of Internal Control at Ruihua Certified Public Accountants: Evidence from Beijing Kangde Xin Composite Material Co., Ltd.

Tingting Cai, Haisheng Hu*

Abstract


Using a COSO-based case approach and drawing on regulatory enforcement evidence and auditing standards, this paper examines
Ruihua's audit failure in the Kangdexin fraud case. The findings indicate that: (1) a long-term client relationship, economic dependence, and
a "business-first" orientation weakened independence and professional skepticism; (2) salient red flags (e.g., high deposits alongside high
borrowings and persistent profit–cash flow divergence) were not translated into adequate risk responses or resourcing; (3) key procedures, including external confirmations and analytical procedures, were insufficiently performed, weakening audit evidence; (4) deficient information
and communication—lack of graded escalation, closed-loop follow-up, and effective transmission of key judgments and working papers—impaired review and remediation; and (5) monitoring prioritized formal compliance over substantive gatekeeping. These deficiencies produced
an inappropriate audit opinion and audit failure. The evidence supports strengthening independence safeguards, resourcing and quality reviews
for high-risk engagements, and traceable controls with escalation-and-remediation mechanisms, alongside more penetrating inspections and
higher expected sanctions to curb gatekeeper failure.

Keywords


Ruihua Certified Public Accountants; Beijing Kangde Xin Composite Material Co., Ltd.; Audit failure; Internal control; Corporate governance

Full Text:

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References


[1] China Securities Regulatory Commission (CSRC). Administrative Penalty Decision: Kangdexin, Zhong Yu, et al. (No. 71, 2020) [EB/

OL][2020-09-24].[in Chinese]

[2] Feng, L. (2021). Spillover effects of the "Shuang Kang" incidents on social trust and an analysis of internal drivers. Technology Economics, 40(01), 138–144. [in Chinese]

[3] Chinese Institute of Certified Public Accountants (CICPA). China Standards on Auditing No. 1141—The Auditor's Responsibilities Relating to Fraud in an Audit of Financial Statements [Z]. (2022-12-22). [in Chinese]

[4] China Securities Regulatory Commission (CSRC). Administrative Penalty Decision: Ruihua Certified Public Accountants and responsible persons (No. 1, 2024) [EB/OL][2024-01-05].[in Chinese].

[5] Chinese Institute of Certified Public Accountants (CICPA). Application Guidance for China Standards on Auditing No. 1312—External

Confirmations [Z][2023-04-04]. [in Chinese]

[6] Wang, Y., & Song, X. (2024). Analysis of internal control failure at Changsheng Biotech and recommendations. Finance & Accounting (in

Chinese), (5), 71–72.[in Chinese]

[7] Zhang, S. (2020). A case study of internal control failure at Changchun Changsheng. China Management Informationization, 23(3),

33–34. [in Chinese]




DOI: http://dx.doi.org/10.70711/memf.v3i1.8473

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Scineer Publishing is a publisher of open access journals. Covering various disciplines and promoting interdisciplinary development, Scineer Publishing adheres to a principle of respecting academics, and publishes insightful and rigorous academic research contents.

12 Eu Tong Sen Street, #07-168, Singapore 059819
E-mail: scineerpub@126.com

Scineer

Valueble Links

Copyright © 2023 Scineer Publishing Pte. Ltd.