Abstract
With the rapid development of China, auditing is essential to develo** and managing every company. Strict auditing procedures and professional auditors can ensure the authenticity of corporate accounting information and prevent incidents detrimental to the company’s rights and interests. This paper examines the Luckin Coffee audit failure and provides insight into the countermeasures and recommendations for audit failure. The paper introduces the whole incident and the companies involved to reveal the means of financial fraud and the reasons for audit failure. Finally, it proposes countermeasures and recommendations for audit failure and calls on companies to strengthen their management to avoid similar incidents.
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© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
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Li, Y. (2024). Study on the Reasons for the Failure of the Audit of Luckin Coffee and Suggestions for Countermeasures. In: Li, X., Yuan, C., Kent, J. (eds) Proceedings of the 7th International Conference on Economic Management and Green Development. ICEMGD 2023. Applied Economics and Policy Studies. Springer, Singapore. https://doi.org/10.1007/978-981-97-0523-8_69
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DOI: https://doi.org/10.1007/978-981-97-0523-8_69
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