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

With the deepening and opening up of economic reform,China's capital market is also constantly developing and improving.In order to cope with the increasingly fierce market competition,to obtain strategic advantages and to achieve the expansion of production and operation scale,many listed companies tend to merge,form an alliance,joint venture and other channels to obtain the interests of other enterprises.There are listed companies on the illegal use of related party transactions.The related party transaction is a double-edged sword,on the one hand it can improve economic efficiency and efficiency,to a certain extent,reduce the transaction costs of related enterprises;the other hand,it can also use its complexity,concealment and diversity characteristics for the association Enterprises to provide financial fraud,the possibility of profit manipulation,and these undoubtedly to the CPA audit work has increased a lot of problems,greatly exacerbated the audit risk,so the study of related party transactions audit has a very high practical significance.The key content of this paper is about the case analysis of the related party trade fraud audit of the BS Company.Based on the analysis results of the case,this paper summarizes the main means of the fraud in related parties and the reasons for the failure of the audit.The situation has put forward the relevant audit countermeasures and suggestions.As mentioned above,the direct motive of the related party transactions of the BS Company is to prevent delisting,so the purpose is also the reason why many listed companies in our country have failed to follow suit.In addition,as mentioned above,Shenzhen Pengcheng Certified Public Accountants Co.,Ltd.and Beijing Tianhua Certified Public Accountants Co.,Ltd.did not perform good audits,as well as those of the Company.Duties,the existence of many audit problems led to the failure of the North Health Pharmaceutical audit.This paper analyzes these audit problems and puts forward relevant audit countermeasures and measures.The details are as follows: Effective identification of related party relationship and related party transactions;establishment of targeted audit procedures;as for accounting firms,they should strengthen related parties Transaction audit business quality control;to enhance the professional competence of certified public accountants and professional ethics,etc.