Auditing Risk Related To Income In Film And Television Industry

Income items are the important part of the profit statement,which reflect the business results of enterprises,and easily become hotbeds of financial fraud.Facing the complicated market environment,CPAs(Certified Public Accountant)will face more and more audit risks.Recently,the film and television culture industry develops rapidly,compared with the traditional industries,the composition content and confirmation mode of the income of the film industry have obvious differences.Therefore,CPAs should implement appropriate audit procedures on the basis of understanding the characteristics of the industry,in order to reduce audit risk to an acceptable low level,ensure audit quality and maintain the stability of the capital market.Under the background of the promulgation and implementation of the new income criteria,this paper takes Beijing Wenhua listed companies as an example to study the audit risks related to income in the film and television industry.The paper is mainly divided into six chapters.The first chapter is the introduction.The second chapter is the theoretical basis of the full text.The third chapter elaborates the theoretical analysis of the impact of film and television industry characteristics on audit risks.The fourth chapter is case study,mainly taking Beijing Wenhua listed companies as an example,based on the inquiry letter from Shenzhen Stock Exchange to Beijing Wenhua listed companies,the paper elaborates the income and cost status with Beijing Wenhua superior companies.The fifth chapter is the strategy to deal with the audit risks of income items in the film and television industry.The sixth chapter is the summary and prospect of the full paper.The results of this study show that external factors such as the regulatory policies of the film and television industry,the market competition environment and the market sales environment,and internal factors such as accounting treatment methods will all affect the judgment of audit risks.Especially in the context of the promulgation and implementation of the new income criteria,it may lead to an increase in the risk of material misstatement.If the inspection risk remains at the original level,then the audit risk may be relatively increased.CPAs should adopt reasonable audit procedures to reduce audit risks to an acceptable low level to ensure audit quality.