Research On Audit Risk And Prevention Of Listed Companies In Film And Television Media Industry

Since the 13 th five year plan,in response to the requirement of the government to improve the national soft power,the status of film and television media industry in China’s national economy has gradually improved.With the rapid progress of the television media industry,Many problems which against laws have been exposed,and even some enterprises use financial fraud to manipulate profits,which has appealed to the focus of the whole society.The profit model of some famous companies in the film and television media industry continues to innovate and tends to develop in the whole industrial chain.The particularity of the industry makes it different from the traditional manufacturing industry,which typically includes high-risk,high-yield and asset light.Whether the change of business model or the unique characteristics of the industry may lead to the increase of audit risk.Therefore,in order to enable accounting firms to better identify and prevent audit risks when auditing special industries,especially film and television media industry,while summarizing the audit risks generally faced by film and television media industry,this paper selects Beijing culture as the research object of case analysis,analyzes its existing audit risks,and then puts forward specific measures and suggestions to deal with the audit risks of film and television media industry.Referring to the information asymmetry theory,this paper mainly uses modern audit risk model to analyze the audit risk of the television media industry and Beijing culture from two aspects: major misstatement risk and inspection risk.It is found that:(1)the factors affecting the audit risk of Listed Companies in film and television media industry include: stricter industry supervision environment,greater impact by public health emergencies,fraud risk The time point of revenue recognition is complex,the risk of inventory impairment is high,the risk of goodwill impairment,and the perfection and implementation effect of audit procedures;(2)As a typical representative in the film and television media industry,the audit risks of Beijing culture include: major misstatement risk caused by major defects in internal control,fraud risk,operation risk,revenue recognition risk,inventory impairment risk,prepayment risk,goodwill impairment risk and other problems,as well as inspection risk caused by failure to effectively design and implement audit procedures,failure to maintain due professional suspicion and other problems;(3)Accounting firms can take a variety of measures to evaluate and prevent the above audit risks when carrying out audit business,which are specifically reflected in determining the key points of risk assessment according to the characteristics of film and television media industry,identifying and assessing the regulatory environment and legal environment of the industry,correctly assessing the internal governance structure and internal control,and effectively identifying and assessing the risk of material misstatement,and at the same time,control the inspection risk.This paper analyzes the audit risk of the television media industry,in order to improve the audit efficiency and audit quality,and provide some reference for auditors to prevent audit risk when they carry out audit work in film and television media industry.At the same time,it plays an important role in maintaining the healthy ecology and stable market order of the film and television industry and promoting the long-term development of Listed Companies in the industry.