Research On The Auditing Of Internet Companies During IPO To NEEQ

According to the internet companies' operational and financial characteristics and profitability regulations of Initial Public Offerings(IPO) of A-share market,it's really hard for domestic internet companies to IPO in A-share market. But now these companies which want to financing or to be public companies get a new choice with the great development of the NEEQ during the second half of 2014 because the NEEQ have no profitability regulations. As of December 2015, the NEEQ listed internet companies has reached 190. Internet companies listed the NEEQ needs to supervise audits, there are still many problems in this process.The article have a brief analysis of internet characteristics and business features, based on the principle of risk-based audit,making a comprehensive analysisof internet companies' risks from industry characteristics, business model, internal control, regulatory policy, performance measurement,and proposed risk responses based on the identified risks. The article also quotes an Internet company A which experienced auditing during IPO to the NEEQ. Certified public accountant have many problems during this process,the article raised some advise about it.The standardization of auditing during internet companies' IPO to the NEEQ can significantly reduce the risk of internet companies,and it also has great significance to the promotion of development of internet companies in the NEEQ. Meanwhile,this paper can also provide some reference to the auditing of internet companies' IPO to the A-share market.