Research On Problems And Countermeasures Of Related Party Transactions In Listed Companies

Related party transactions as a common form of the transaction, has its own unique side, on the one hand, from the point of view, the general form of the transaction for the enterprises of both sides of the transaction saving substantial economic costs, it is because of this reason, this way has become the Chinese listed companies to manipulate earnings, beautify statements, and an important means to achieve the maximization of their own interests; from the point of view on the other hand, it is because of its own advantages, more and more listed companies to achieve maximum benefits, in the related party transactions to make a big fuss. Especially non fair related transactions audit difficulty is greater, the CPA if it cannot find the financial fraud matters, then more minority shareholders interests will be eroded, regulatory supervision cost will also increase, banks will also face greater credit risk. At the same time, the company is listed as the person in charge, in order to retain this inappropriate interests will try various methods to avoid external supervision personnel and the firm’s auditors, related party transactions also more and more toward the complex and subtle trends.Related transaction in our country, this form is generated under the special background, present, China’s listed companies many are state-owned background, they or is formed through the restructuring of state-owned enterprises, or is formed by the state-owned enterprises of the high-quality assets stripping, they between the parent company and there continue to cut, and chaotic, the related party transactions between them occurred the possibility of financial fraud more big, the CPA in the related party transactions of the listed companies carry out audit must be paid more attention to and be more careful and cautious.This article from the Z case of listing Corporation, through two major malpractice analysis of Z listing Corporation transactions: deliberately conceal the related party and related party transaction chain downstream fiction, combined with the actual situation, summed up the four major listing Corporation asked related transactions, from inside and outside two aspects for the in-depth analysis of the causes the problem, finally puts forward several suggestions to solve the problem, hope may reduce the risk of CPA in related party transactions in the audit process, perfect our country of related party transaction related audit system, optimize the audit process, strengthen CPA Occupation Competence, and puts forward the method of audit hopes to learn some ways of thinking the CPA and audit methods, can be more effective to related party transactions audit.