Case Study Of Sports Company NEEQ Listing Audit

National Equities Exchange and Quotations is a national securities exchange approved by the State Council,commonly known as "the New Three Board."Due to the low requirements for listing on the NEEQ,the applications for listing on the market are mostly medium or small-scale companies.These companies generally have no sound internal control system and do not follow The National Equities Exchange and Quotations fully disclose information and other issues.Meanwhile,the business characteristics of sports companies with a single business model and strong income uncertainty make it more prone to fraudulent financial statements.It is necessary to pay more attention on the NEEQ listing audit of sports industry companies.This article is divided into four parts,which are the introduction,overview of audit of listing sports companies,H company audit analysis of listing cases and lessons learned and suggestions.After expatiating the research background and significance of the research,the first part summarizes the research findings of the sports industry and the auditing of the NEEQ.The second part of a comprehensive analysis of the entire process of listing audit of sports companies.First of all,it introduces the industry characteristics and business characteristics of sports companies,meanwhile,introduces the characteristics of the NEEQ listing audits.After that,according to the above-mentioned characteristics,this paper analyzes the key issues of audit of the NEEQ sports companies.The third part analyzes the case of the accounting firm's listing audit of H company.The whole process of auditing was introduced,and some problems discovered during the audit of H company were highlighted,including major shareholders' capital occupation,delayed confirmation of revenue,confusion of costs and expenses,and other issues.It analyzes some problems existing in the auditing process of CPAs,including Insufficient audit procedures,the lack of understanding of the industry in which the units are audited,improper grasp of the principle of prudence,and the impact of external factors on the audit work.The fourth part and the fifth part summarize the problems existing in the listing auditing process of the above listing accountants and put forward corresponding suggestions from the two aspects of the certified public accountants and the regulatory agencies.