A Research On The Audit Risk And Prevention Of Gas Companies

In recent years,China has vigorously promoted the use of natural gas,which has brought huge development space for natural gas companies.Due to the adjustment of energy structure,the stimulation of “coal to gas” policy,the favorable policies of oil and gas reform,and the import capacity of natural gas and pipe network transportation.With the enhancement of capabilities,the natural gas industry will maintain rapid growth in the next few years.The gas industry is booming,and the number of listed companies is increasing.The demand for integrity and authenticity of the company’s financial information is more urgent for investors and creditors.The CSRC has continuously strengthened the disclosure of information on listed companies’ annual reports.Strictly check financial data for fraud and violations.This poses a serious challenge for accounting firms as independent third parties.The CICPA also conducts more rigorous review and greater penalties on the quality of the practice of securities qualifications.CPAs should have a sense of risk and comprehensively and systematically control the occurrence of audit risk.This paper starts with the domestic and international literature review,relies on the principal agent and information asymmetry theory,and analyzes and identifies the risks in the gas enterprise audit process based on the modern risk-oriented audit model.After that,the annual audit case of H gas enterprise was selected.Through the analysis of the risk of material misstatement and the risk of inspection in the gas company audit process,combined with the control measures taken by D accounting firm in the case,the accountant affairs should be analyzed when dealing with risks.Pay attention to the aspects,and put forward corresponding prevention suggestions and measures from the two aspects of dealing with major misstatement risks and checking risks.Combining the characteristics of the industry with the auditing practice,it is possible to understand the audit risk of the industry to the greatest extent,which provides ideas and reference for reducing the audit risk of the firm,which is of great significance.