Study On Audit Risk Prevention Strategies Of Related Party Transactions In Listed Companies Taking *ST Ene-Carbon As An Example

In recent years,our country vigorously promotes and develops the "One Belt And One Road" regional economic strategy,with the use of high-tech financial instruments,all the listed companies in China are going further and further,development strategy and business strategy are becoming more and more diversified,such diversified development also leads to the extremely complex organizational structure of China's listing.In this complex corporate organizational environment,listed companies will not only carry out normal market transactions,but also use the ownership relationship to carry out internal transactions.Such internal transactions can be called related-party transactions,which may be obvious or invisible related-party transactions.Under such economic development prospect,in order to maintain the sustainable development,Chinese listed companies has begun to expand the scale of the company,through the reorganization,acquisition,merger and other ways,to maximize the enterprise value,as a result,the organizational structure of listed companies in China has become more and more huge.In addition to normal market transactions,listed companies have also begun to consider the use of internal transactions to achieve the optimal value of the company as a whole.This kind of internal transaction can be called the related party transaction.As for its transaction motivations,it may be fair and reasonable,on the contrary,it maybe not.Once the transaction motivation is passive,listed companies maybe utilize related party transactions to inflated corporate profit,this kind of profit cannot represent the actual operation of listed companies,and it is also can trigger the audit risk of related party transactions.At present,with the development of operation of listed companies,related party transactions are not only various and complex,but also frequent.Even for the business performance and strategic,related party transactions have made a decisive contribution to the profit of listed companies.To some extent,related party transactions can bring benefits to listed companies and play a positive role,but if the motivation is passive,then related party transactions will not only increase the audit risk,it will also cause some negative effects on listed companies.At the same time,due to the complexity of related party transactions,many listed companies in order to pursue enterprise value maximization,and then they began to take the risk in the related party transactions fraud,or even challenge the relevant laws and regulations and industry regulations.In addition,the fraud of related party transactions often involves the joint deception or elaborate planning of senior management,so the audit risk of is often high,it will lead to the increase of financial statements audit risk.At last,the related party transactions with passive motivations may have some bad effects on the securities market.Therefore,this paper mainly studies and analyzes the improper affiliated transactions of listed companies found by the certified public accountants,and analyzes the reasons why appearance this kind of related party transactions,analyzing auditors will encounter what kinds of audit risk of related party transactions,and then the paper analyzes the audit risks of related party transactions in listed companies,and puts forward the corresponding prevention strategies.Based on the concepts and models of risk-oriented auditing,this paper systematically sorts out the domestic and overseas relevant literatures research,taking the *ST carbon ene was issued an Unable to express an opinion on the audit report by Zhongxinghua in 2018 as an example,using case study method to analysis the present situation of related party and the related party transaction of *ST carbon ene.Then,using the audit risk model based on related party transactions,from the identification level of related party transaction audit material misstatement risk and can be artificially controlled related party transaction audit inspection risk two major aspects,analyzing the related party transaction problems,which may faint in the audit of related party transactions,and discusses the causes of the related problems.Finally,based on the audit risk model of related party transactions;this paper discusses the countermeasures to prevent the audit risk of related party transactions,and how to improve the audit quality.At last,the paper summarizes the research content and points out shortcomings,based on the content and the analysis of *ST carbon case,then the paper proposes that auditors how to prevent the audit risks of related party transactions in listed companies in the future audit practice work.