Research On Growth Enterprises Market Audit Risk

After the united states of the NASDAQ market, the structures of the world capital markets have revolutionized altering, and gradually establish the second board markets which independent or supplementary to the main-board markets. Some of these markets make failure or success, and some keep stagnation or development. The end of last century, Hong Kong Growth Enterprises Market board established with a ten years of the venture, which is set in for a second phase of the medium high growth company, especially high-tech companies. Their development and prosperity bring us a lot of experience and insights.2009 march 31, China Securities Regulatory Commission issued< Initial public offerings in the second board market management and the provisional measures> in their official website, and on May 1, the measures implemented formally. Then, on October 23, China Securities Regulatory Commission held the ceremony of the second board market for transaction time. A week later, the first batch of 28 enterprises were concentrated listing in Shenzhen Stock Exchange, and that meant our second board market which was concerned by the domestic and international market started formally. The establishment of GEM provides more convenient financing channels for the small and medium enterprises, and creates a normal retreatment for venture capital. It is also the important measures of adjusting our industrial structure and promoting the economic reform.Growth Enterprises Market in our country has already run formally, but just run a half years, there have been betrayed many problems. IPO in the second board market have very complicated procedures and need various service agencies, such as securities brokerage firms and solicitors or accountants, to cooperate with each other. The task of accountants and auditors is the most cumbersome, but the audit risks and the audit responsibilities are the greatest. Based on our current audit environment, taxation policies, laws and regulations for Growth Enterprises Market, and the audit on the practice involved in related question, I raise a variety of thinking. I try to research on Growth Enterprises Market Audit risk, and study about our actual auditing conditions and audit risk control measures with WS Technologic Co., Ltd. auditing as an example, and analyze the cause of the audit risk formation. So I can pertinently lay my finger on avoidance and prevention responses against second board market company audit risk, and offer some assistance for the investors or auditors who concern in the second board market. I believe that the research in this area not only has great theoretical meaning, but also has important actual significance. Because of my insufficient theory and practical experience, some views and proposals in this article are lacking of depth and intensity and not mature. So I wish the professors point out my mistakes and defects.This article falls into four parts, the main contents including:Part I, introduction. It introduces the background, literature review, objects, methods and directions of the research.Part II, introduction to the case. By introducing the background of the company and the skeleton of the audit process, the questions exist and need to be discussed are brought forward.Part III, the analysis of WS technology company audit risk causes. By the second part of concise and brief analysis, this part does presentation from three angles:the risk of material misstatements, detection risk, and the risk of professional morality. a comprehensive analysis.Part IV, the avoidance countermeasures of Growth Enterprises Market Audit risk. The corresponding countermeasures of audit risks are provided.