In the mobile Internet era, the business model of new retail enterprises has changed greatly, so the audit mode needs to be innovated to adapt to the development of the times and improve the audit quality. Luckin Coffee has achieved rapid expansion relying on Internet technology, but the unsustainability of its business model leads to financial fraud by its management.In the mobile Internet era, the new retail enterprises ,such as Luckin Coffee ,are more suitable to adopt the data-based audit mode. In the audit process, the business model, original sales data, information system and transaction cycle are the key audit contents, and the key audit technologies such as field investigation, information technology and data analysis are adopted to realize the verification of financial information of new retail enterprises.