| The rapid development of economy,driven by the prosperity of the capital market,but a series of problems have arisen.Enterprise in order to enhance its competition ability,more capital support,enhance corporate visibility,have embarked on the listing and financing of road,but due to the more common in Chinese capital market highly concentrated ownership structure model,there a lot of IPO case is enterprise's main high-quality assets stripping listed,in the form of the original organization structure becomes a group,resulting in the large amount of related party and related party transactions.Related party transaction is defined by the presence of relationship between enterprise fund transfer,capital,or economic and business practices,and money whether there is a charge and other issues.From the point of view of its connotative meaning is neutral,on the one hand,the related party transaction is conducive to the rational allocation of resources among enterprises,under the same conditions saving transaction costs,economies of scale formation;on the other hand,due to the related party transaction concealment,transactions in the form of complex,it is easy to be enterprises to use and the result of fraud.Such unfair related party transactions will greatly harm the interests of the state or small and medium shareholders.In view of the above situation,this paper on the basis of the existing research results,from the China Securities Regulatory Commission administrative penalty notice and related statistical data of of related party transactions fraud audit failure to describe the status quo,analysis of the existing problems,aiming at the problem of related party transactions fraud audit failed to carry out analysis of the causes.Combining with the relevant audit failure cases and theoretical research,this study puts forward the countermcasures and suggestions to prevent audit failure from the perspective of certified public accountants,audited units and regulatory agencies. |
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