Research On Risk Identification And Evaluation Of Major Misreporting In The Annual Report Andit Of Listed Companies

Since the second industrial revolution,with the change of the market economy system in the audit industry at home and abroad also got very big development,the improvement of the audit theory system and audit techniques and methods of change,for the majority of certified public accountants work provides a theoretical and technical guidance.But with the change of the enterprise property right structure,the separation of operation right and ownership,in order to deal with increasingly cruel market competition environment and stakeholder expectations of enterprises,corporate governance at the use of the loopholes in management,in corporate annual reports on fraud fraud,in order to conceal the fact that poor operating results,plus some auditors own paralysis,vocational skills and the quality is not high,in the process of audit failure to strictly carry out the audit procedures necessary to effectively reduce the inspection risk,lead to audit failure cases,the auditors facing from the failure of the audit is more and more high litigation risk and high administrative penalties.In our country,from the abandonment,dongsheng technology to xin tai electric,roebuck island events in recent years,the listed company financial fraud cases emerge in endlessly,on the one hand,management of listed companies of different industries with its own features increasingly hidden financial fraud means,and audit charge system lead to the auditor lack independence is difficult to ensure fair and objective of the absolute;On the other hand,it not only to the problems of the listed company managers involved in administrative punishment,also failed to conscientious accountant to audit and office for severe punishment,firm,lawsuit may also be stakeholders.Under the background of the industry,therefore,how to improve the accuracy of audit,as far as possible eliminate annual report material misstatement risk existing in the audit process,become the auditing theory and practice in the field of hot issues to be resolved.This article through the analysis of the case against sinovel audit of certifiedpublic accountants audit risk of material misstatement of the annual report of identification and evaluation,the first chapter first introduces the background and research significance of topic selection,research contents and research methods are introduced,then the existing research results in the literature at home and abroad were reviewed and summarized.Secondly system introduces relevant theoretical basis,mainly includes the information asymmetry theory,strategic management theory,modern risk-oriented auditing theory,as well as the risk of material misstatement related concept,classification and identification of evaluation method of the content,the third chapter against sinovel reanda cpas and accounting firm to carry on the introduction,review the cases against sinovel events,cases,narrative,whole raises is accountant should focus on need for identification of material misstatement risk assessment.In the case analysis stage,it analyzes the deficiencies in the risk identification and evaluation of the major misreporting in the annual report of sinowind through the whole and the identification of the two levels.And stand in the perspective of accounting firms from two directions of identify and evaluate their advice,should not only grasp the audit risk exists in common,and to understand its environment and its unique corporate strategy,hold its features,the final summary and outlook.