Research On Audit Risk Is Related Party Transactions

Specification and reasonable related-party transactions can scale benefits for the company,reduce operating costs,more efficient management of capital and debt;but unfair related party transactions could lead to a virtual company raised the empty,the occurrence of serious behavior of the company's assets.Although China has successively promulgated relevant laws and regulations,strengthening the external supervision norms governing the related-party transactions,prompted the legalization of related party transactions and into the open,but as a result of the affiliated party transactions audit supervision does not reach the designated position,the confusion in the governance structure of listed companies,the affiliated party transactions of the audit is hard to pay still,audit risk is on the high side.Unsound internal governance structure is the important motivation of unfair related party transactions occur,the external regulation leads to bad related party transactions were not found in time are not under the corresponding punishment.In this background,the study of related party transactions specification,improve the quality of its information,is quite necessary.Only strengthen the internal management of enterprises or external audit of related party transactions are ineffective,but will be a combination of these to regulate related party transactions.Using a combination of theoretical analysis and case analysis,analysis of related party transactions may exist in the process of audit problems and the reasons,the problems from the aspect of corporate governance and curb unfair related party transactions of certified public accountants audit level optimization Suggestions.Comb through access to information,the related literature at home and abroad were reviewed and summarized,and make a review;for the summary of related party transactions and theoretical basis,first sums up the features of related party transactions and motivation,again the essence of the audit risk and classification are introduced,finally introduces the related theoretical basis,including the transaction cost theory,principal-agent theory and information asymmetry theory;Then causes to the related party transactions status quo and audit risk analysis,analyzing the present situation and problems of the audit of related party transactions,find out the main problems existing in the related party transactions audit,then the audit risk of related party transactions be divided into three parts fixed risk,control risk and detection risk in detail;Followed by analysis of HTFP,analysis the company's related party transactions is the audit risk and the reasons,then the advice of the related party transactions to control audit risk;Finally,summarize the content of the thesis,summarized the main research results and the deficiency of writing.