Research On Risk Of Biological Assets Audit

Combining with the scallop expulsion incident in Zhangzidao Co.,Ltd and reviewing the situation in China's securities market,it can be found that regardless of whether it is a financially corrupt green land,Yinguangxia or Zhangzidao Co.,Ltd where there are major operational problems,the hardest hit areas are often concentrated in agricultural listed companies.The reason is that the agricultural listed companies have particular characteristics.The analysis of its greatest peculiarity is that unlike non-agricultural listed companies,biological assets account for a large proportion of inventories and are very important asset items.It is precisely because of the special nature of biological assets,agricultural listed companies are more inclined to use biological assets as a means to fraudulent financial statements,and thus become the focus of CPA audit work.With the development of audit theory,risk-oriented theory has evolved from a traditional model to a modern risk-oriented theory that focuses on the company's overall strategy.When CPAs audit biological assets,identifying the audit risks they pose becomes the top priority of audit work.It is precisely because of the special nature of biological assets,coupled with the lack of understanding of professional knowledge of auditing related industries by certified public accountants and the lack of the idea of combining risk-oriented auditing theory with the particularities of biological assets during auditing,and other reasons.The audit has always been a difficult and important point in the audit work.It is a key area where CPAs need to devote more audit resources to auditing agricultural listed companies.Therefore,it is very important to research and prevent the audit risk of listed companies in China's listed companies by selecting the industries and choosing the biological assets of listed agricultural companies.This article takes Zhangzidao Co.,Ltd as an example to analyze the audit risk of the biological assets audit of Zhangzidao Co.,Ltd and gives the countermeasures and suggestions.First of all,through the study of relevant theoretical knowledge,the relevant concepts and characteristics of audit risk,the concept of biological assets,the characteristics of biological assets audit risks,and the audit process of biological assets under modern risk-oriented auditing are described and used as the theoretical basis.Secondly,it analyzes the situation of the main financial indicators of Zhangzidao Co.,Ltd,the cultivation and composition of biological assets,and the defects in the internal control of the company.In these cases,there may be signals of abnormalities in the biological assets of the Zhangzidao Co.,Ltd and the conduct of biometrics on CPA.Factors affecting the impact of auditing related to the audit of assets.Analyze the causes of biological assets audit risk again,mainly because of the lack of recognition of audit risk by certified public accountants,the lack of testing for internal control of Zhangzidao Co.,Ltd,the discontinuation of biological assets,and the lack of audit by certified public accountants dispatched by Dahua Certified Public Accountants.There are several aspects of independence.Finally,based on the analysis of the biological assets audit risk,the countermeasures and suggestions for dealing with audit risks are proposed,which are mainly from the improvement of China's biological asset information disclosure system,the improvement of audit procedures by certified public accountants in the implementation of the audit work,and the improvement of the professional competency of certified public accountants.Improve the CPA audit independence and other aspects of the proposed countermeasures.