IPO Audit Risk Prevention And Control Research

In recent years,Chinese stock market is developing very quickly.However,the regulatory environment has not been actively developed.IPO market financial fraud is emerging.CPA is also mired in increasing number of cases about audit risk,the social credibility of accounting firms continuing decline.Financial fraud will damage the credibility of listed company,disturbing market order and destroy the developing of Capital markets.In 2003,Chinese Securities Regulatory Commission has carried out “The most stringent” verification about IPO cases.Stress on accountability about accounting firms during IPO cases.There is a serious problem about decrease the audit risk,increase audit quality and keeping independence on CPA.This paper is based on the theory of audit risk.Do researching about IPO cases.Introduction describes the background and significance,lecture review on international and Chinese literature.Explain about content and skill,advantages and disadv antages.Theoretical part including the concept of IPO audit risk interpretation and IPO listing-related provisions: More complex,more content and longer time.Get ready for the deeper research on later article.In the case analysis phase,I introduced the process of IPO audit case,based on A accounting firm.Use the concept of audi trisk model to analyze risk points.Then focus on the process about electric and fin d out audit risk,link with the model of audit risk and analyze the mainly problem about audit risk.Combine with the cases above to give advice about decreasing audit risk,prevent audit failure.The Significance of this paper is based on A accounting firm,link with the experience of audit case.Implement the theory of audit risk in practice.Focus on increasing aud it Consciousness,Strengthening audit risk for detailed analysis and research.Make a better guide about the accounting firm and CPA.Increasing the ability of audit risk,guide the be havior of CPA and capital market.Serve for the whole developing of economy.Make a useful theoretical support for the developing of small and middle enterprise.