Research On Identification And Avoidance Of Agricultural Listed Corporations' Audit Risk

Although our country has already provided agricultural listed corporations with many preferential policies,such as,tax deduction and exemption and financial subsidies since the 21 the century,financial fraud cases still occur frequ ently in agricultural listed corporation.From “Lantian Stock” in 2002 to “Wanfu Biotechnology” in 2012,and to “ZONECO Issue” in 2015.These cases reflect from the side that when certified public accountant(CPA)do auditing work on agricultural listed corporations,they probably do not apply modern risk-oriented audit mode into auditing work.It is because they are short of professional judgements of operational risk and misstatement risk possessed by agricultural listed corporations,which failed to identification and avoidance of agricultural listed corporations' audit risk timely.Thus the public and medium and small investors begin to query the competence ?independence and credit of audit trade.My papermainly talks about what risk CPA will face when they audit the agricultural listed corporations.It starts from the perspective of CPA and takes ZONECO as an example.The importance of my paper is to analyze how CPA employs modern risk-oriented audit mode in the process of auditing and the problems and shortcomings.As a result,my paper can help CPA to better identify the audit risk of agricultural listed corporation and make a right audit plan according to real situation.Only in this way can we effectively avoid the audit failure of agricultural listed corporation,protect medium and small investors and promote the benign development of capital market.On the basis of the pre-existing research result,my paper firstly elaborates the conception and mode of audit risk as well as definition and features of modern risk-oriented audit mode.Then,it combines the particularity of our country's agriculture and finally summarizes the main audit risk of agricultural listed corporations in our country.These two points lay the foundation of my paper's theoretical basis.Secondly,the ZONECO is taken as an example to mainly study the risk assessment procedure that CPA use in auditing work and the specific measures of avoiding audit risk,then it comes to the existing problems when CPA audit agricultural listed corporations.Finally,my paper mainly aims at the problems and shortcomings of the ZONECO when CPA does auditing work,states from the perspective of CPA,starts from the modern risk-oriented audit mode and especially proposes some policies and suggestions,such as risk management?audit procedure application?technology and methods of innovation audit and major competence increase.The purpose of my paper is to provide some references for the application of modern risk-oriented audit into agricultural listed corporations;meanwhile,it is to increase CPA control level to the audit risk of agricultural listed corporations.