Research On Risk Analysis And Audit Strategy Of X - Based P2P Network Borrowing Platform

From the beginning of 2013,the P2 P lending(peer-to-peer lending) has entered an era of rapid development. With the Internet spreads, P2 P lending began to enter the community of life. It is fast to finance, cross-regional financing, low cost. So P2 P lending has attracted a large number of people who needs financial management and financing. As of December 31, 2015, P2 P lending platform of China already have a total of 3584, while this figure was only 524 in 2013. From May 2014 to December 2015, The monthly number of new platform issues is 70, so the entire P2 P lending industry is so bad. A large number of investors to invest in the P2 P lending for wealth management, hoping to get higher returns, but in the end, there is nothing come back, if P2 P lending platform has close down. Therefore, regulating the development of P2 P lending industry and ensuring the safety of the investors’ money are issues we should consider. Auditing is a powerful means to regulate P2 P development platform, accounting firm stand on a perspective of an independent to come up with auditing opinions, because accounting firm has a special independent position, which can be recognized by the public. Recently, regulators and industry self-regulatory organization proposed to strengthen the mechanisms of auditing to supervise P2 P platform.Based on this, I begin to do the research on the risk of P2 P lending industry and regulatory mechanisms of Auditing. I select Company X as a representative of P2 P lending platform which has a P2 P lending online mode. In this dissertation, I used the normative analysis and comparative to research the risk of Company X in detail, and propose to building a standardized recommendations, which focus to improve audit mechanisms. This dissertation is divided into six parts, the main contents are as follows: The first part is introduction. It introduces the background and significance of P2 P lending, research content, scope, innovation and inadequate, relevant literature review. The second part is a review of theoretical basis and audit of P2 P industry status. Explaining the significance and necessity of introducing company X’s audits; and introducing the theory of concept of P2 P lending, characteristics, and basic theory of risk and audit. The third part is about the risk of Company X. Company X’s basic information, company X ‘sP2P business risk, including legal risk, bad debts overdue risk, liquidity risk, information security risk, interest rate risk. The fourth part analyzes the strategy of the audit of Company X: including the purpose of audit; regulations of Company X’s implementation of the audit; object of audit; content of audit; audit priorities. The fifth part analyzes the effects of the implementation of the audit of Company X, the problems and suggestions we analyzed about company X’s audit. I analysised how to control the risk of Company X by using the P2 P audit. Strengthening the relevant laws and regulations, focus on strengthening information disclosure, improving the professional capacity of CPAs. The sixth part is conclusion. This section is a summary of the dissertation.