Research On Inventory Audit Risk Of Aquatic Biological Assets

Inventory plays an important role in enterprise assets and is also the source of profit motive.Inventory audit has been the culmination of a certified public accountant audit,both in domestic and international auditing standards specified the inventory audit audit procedures,methods and techniques of Inventory audit,the auditing theory and practice in the discussion and research in the field of inventory audit has never stopped.The inventory items of the aquatic products company are mainly biological assets,and the particularity of biological assets leads to the particularity and complexity of the inventory audit of aquatic biological assets.In the third quarter of 2014 ZONECO company's Scallop impairment incident has caused wide public concern and discussion of the various circles of society,and carries on the careful work of Da Hua certified public accountants issued by the standard unqualified opinion has become a hot topic.But on January 30,2018 major suspension announcement says ZONECO found bottom sowing shrimp inventory in the abnormal part of the sea,is expected to 2017 full-year loss may result in enterprises,the loss of nearly 720 million yuan.Although ZONECO's approach to Chinese regulatory provisions which from punishment,but also avoided the interests of small and medium-sized shareholders of the event and the development of the industry have a significant impact.There's a lot of thinking about events.: certified public accountants in aquaculture enterprises operating characteristics and the special characteristics of biological assets inventory how should be carried out in accordance with the standard procedures inventory audit,how to keep audit independence,how to improve the industry expertise and competence,how to make good use of experts to work? This thesis analyzes the problems existing in the risk assessment and coping process of Da hua accounting firm and puts forward some Suggestions for reference.The thesis adopts the method of case analysis.Theory analysis part of aquatic biological assets inventory analysis the causes of audit risk identification and evaluation,summed up the aquatic biological assets inventory audit risk point of the project,including the material misstatement risk and check risk certified public accountants.Case analysis part first analysis the inventory audit case of ZONECO.Analysis ZONECO's industry environment,related to the inventory management risk and the risk of internal control and the independence of certified public accountants,professional competence and the problems existing in the audit program execution,from the implementation of risk identification and assessment of certified public accountants to substantive audit procedures of implementation process.The study found that there existed problems of inventory management risk and internal control in ZONECO,and the professional competence and independence of certified public accountants remained to be improved.Finally,the thesis from two aspects of certified public accountants and regulators put forward the countermeasures of reducing the risk of audit,certified public accountants should improve professional competence,using expert working in an unfamiliar field,regulators to strengthen the supervision of aquatic product enterprise inventory project information disclosure.