Research On Audit Of Consumptive Biological Asset Impairment

For the most livestock industries,consumable biological assets is an important part,this asset can directly affected the authenticity of these enterprises' profit.Therefore,the impairment of consumable biological asset has been the focus by the audit of the CPA in the livestock and poultry industry audit,some domestic and foreign audit standards on the consumable assets impairment audit procedures,audit technical methods are not enough,It also been the root cause of such criticism.Audit theory and practice for the research on consumable biological assets audit has been in the ascendant,and the special of consumable biological assets determined the specificity and complexity of its impairment audit.Z corporation's "800 million yuan scallops" goods suddenly aroused widely attention and a public discussion boom in the stock market from all walks of life in 2014,Dahua certified public accountant of the company inventory impairment of the special audit become the focus of the debate.The final result of this goods is what The SFC has recognized the fact that the scallops have suffered a natural risk,but the discussion about this goods has not been subsided.For such an event,We are concerned thinking like about that: Facing the high value about consumption of biological assets and the high uncertainty about this value,what the CPA should to do to ensure that consumption of biological assets is effective.How to do to be more accept the advice from other professionals in the audit.How to improve the ability about independence and professional competence from CPA in audit.In this paper,Through the case study of the special audit of the plagiarism of Z corporation scallops,we can know some problems about the audit with the impairment of consumable biological assets,and put forward some solutions and suggestions.The research method of case analysis is mainly composed of theoretical analysis and case analysis.The theoretical analysis is based on the introduction of the concept of consumable biological assets and its impairment audit,and draws the difficulty of the audit of consumable biological asset impairment,including the statistical uncertainty of the value of consumable biological assets and need high professional to CPA.In the case analysis,the author introduces the incident which caused by Z Corporation,and then elaborates the special auditing process of the scallops implemented by Dahua Certified Public Accountants.Finally,it analyzes the three aspects included audit risk,internal control and supervisory work.At last,this paper puts forward some suggestions on how to improve the auditing of consumable biological assets in the specific work,including through the improvement of the audit procedure to reduce the audit risk,and to reduce the audit risk of the consumable biological assets.Production stage and the production phase of the internal control test,through the regression analysis and the use of expert work and the rational design of the procedures to improve the consumable biological assets,such as the effectiveness of regulatory measures and other recommendations.