A Case Study On The Fraud Audit Of Related Party Transactions Of YH Company

The audit of accounting firm to listed company is social audit .It originated in the early last century. People began to focus on fraud problems originated in the British" South Sea Company Bankruptcy" .Under the influence of the globalization,modern financial market develop faster and faster.The listed company can save the transaction cost, to enhance the competitiveness ,at the same time it also bring related transactions fraud problems.As an important external regulator, on the one hand,the audit have important significance, and play an important part of market regulation.On the other hand,the audit failure case also shows that the audit work has many problems, the audit work need to improve ..Due to the lax supervision of the securities market in China, the level of the listed company is uneven and the punishment is not enough.The form of the company related party transaction fraud occur more and more diversified.For example,large transaction of related party, mutual borrow funds .These forms of related transactions increase the difficulty of CPA audit, resulting in high audit risk.At the same time also caused great negative impact to audit market and capital market,Which need to use effective measures to find these fraud.This article mainly use the method of case analysis, it select punished by commission in recent years due to the disclose related party in YH company as the research object .The article describe the whole process from the perspective CPA of related party transactions fraud audit, at the same time to consult the literature related to writing, understand the theory related to the selected topic and the audit practice process. Then combined with the problems that exist in the case, analysis leads to the exact reasons for these problems.From the audit procedures, personnel composition,puts forward some countermeasures for effective audit method.Through the study of this paper,we can see that in the process of the related party transactions audit, both preparation stage and the late review stage, all need the coordination between each participant.CPA keep risk awareness every time.It is helpful for the auditor to improve their professional ability consciously ,strengthen the audit responsibility consciousness, improve the quality of audit.