The invention discloses a multifunctional sound system and a method for performing the fire monitoring by utilizing the multifunctional sound system. The multifunctional sound system comprises a main control central processing unit (CPU), a storage device, a real-time image processor, a sound box, a control keyboard, a time control device, a first camera and a second camera, wherein the storage device, the real-time image processor, the sound box, the control keyboard and the time control device are connected with the main control CPU; and the first camera and the second camera are connected with the real-time image processor, an environment picture under a fire-free status is defined as a standard picture through a learning status, whether a fire occurs or not is judged by comparing and analyzing the color temperature and brightness of a reference picture and the standard picture, a sound control switch is forcibly short-circuited, an audio interface is switched off, an alarming sound is played, the alarming volume is maximized, so that the fire alarm can be rapidly perceived while people enjoy the shock music with high volume, and the playing function and the early-warning function of the sound system can be realized.