With the deepening of the "Belt and Road" initiative,as well as Huawei and other large enterprises "go out" role model,the domestic enterprises have gone out of the domestic,involved in overseas,to win the international market,in order to earn greater economic benefits,but,full of uncertainty,complex international economic and political environment,It also makes CPA face the audit risk to improve significantly when facing the audit business of foreign-related enterprises.In the case of Accor’s financial fraud audit,the company,with the help of cross-border business,through fictitious overseas projects,building materials exports,domestic building materials trade business for covert fraud,and fraud chain integrity,so from the perspective of audit risk control to study is quite novel,audit risk points are also more.There are six chapters in this paper: The first chapter introduces the research background and significance of this paper,the research contents and methods,the research summary at home and abroad and the innovation point of this paper;the second chapter audit related theory explains the relevant theories on which this paper is based,including the overview of audit risk and the theoretical basis The third chapter of the company’s financial fraud audit failure case overview of Ya Baxter Company,Zhongcheng accounting firm to carry out a brief introduction,the process of audit failure of Zhongli accounting firm,and introduced the China Securities Regulatory Commission on the punishment of Ya BaxterThe fourth chapter of the company’s financial fraud audit failure case analysis from the heavy error report risk and check the risk of the evaluation of the assessment;The fifth chapter of the company’s financial fraud audit failure of the case countermeasures respectively elaborated in the audit for the risk of material misstatement and check the risk of the countermeasures;The sixth chapter is the research conclusion.Through the analysis of the cases of the failure of the financial fraud audit of the company,this paper summarizes the following conclusions from two aspects: the risk of heavy errors and the risk of inspection.In the Accor audit case,the audit of the internal control of the enterprise should be strengthened in view of the risk of material misstatement,and the risk of related transactions should be carefully evaluated,Take full account of the reliability of financial performance measurement indicators.In view of audit risk,we should improve the risk awareness of CPA in order to implement the concept of risk-oriented,and use the extensibility audit procedure and computer-aided auditing technology to improve the professional quality of CPA in order to make rational use of the analysis procedure.To sum up,in view of the audit risks arising from the Accor case,to carry out in-depth analysis and research,to learn lessons,through the disposition of the enterprises and personnel involved,to arouse the CPA’s attention to audit risk and vigilance,to promote CPA in the face of similar enterprises in the foreign business financial fraud problem,more cautious,In order to reduce the mistakes,through the CPA to enhance the risk awareness,and then promote the improvement of the overall quality of domestic audit work,help to improve the competitiveness of domestic firms in the face of foreign-related business,but also to maintain a normal market order will be of great benefit.Correspondingly,the practice case also promotes the development of the theory,the case is enough to arouse a new thinking on the audit risk theory.