With the steady development of China's economy and the deepening reform of the securities market, listing through initial public offerings (IPOs) has become an important part of many companies' development strategies. IPO listings are extremely attractive to companies in terms of financing scale, financial risks, or enhancing the company's reputation. However, with the repeated suspension and restart of IPO review, the phenomenon of IPO barrier lake gradually appeared. Therefore, some companies that are eager for success frequently use financial fraud to make the financial statement data meet the issuance conditions and successfully go public. The Issuance Examination Committee has gradually tightened its review, and the penalties imposed by the security's regulatory authorities on IPO financial fraud are also increasing. All this shows that the regulators are paying more and more attention to preventing IPO financial fraud. Based on this paper, research on the financial risk control of the enterprise IPO process, and put forward the countermeasures that the CPA should take.