Research On Audit Risk And Its Prevention Of Culture Media Listed Companies

With the rapid development of the cultural media industry,the violations of listed companies of cultural media have gradually attracted the attention of the theoretical and practical circles.It not only disrupts the normal order of the industry market,reduces the efficiency of resource allocation in the cultural media industry and the trust of investors,but also puts forward higher requirements on the audit quality of listed companies in the cultural media.In order to strengthen the identification and prevention of audit risks of listed companies in cultural media and improve audit quality,this paper analyzes and summarizes the factors influencing the audit risks of listed cultural media companies,and selects Huanrui century as the case study object,and adopt case analysis method to analyze the audit risks of listed cultural media companies.On the basis of the above analysis,this paper puts forward some suggestions for the accounting firm to guard against the audit risk of listed cultural media companies.This paper is based on the modern risk-oriented audit theory and the information asymmetry theory,and combined with the audit risk model,starting from the level of major misstatement risk and inspection risk at the level of financial statements and identification,through research,it is found that:(1)Combined with listed companies of cultural media characteristics and common problems,it is found that there are many factors that can affect its audit risk,such as changes in the industry's regulatory environment,the failure of internal control of the enterprise,the timing of complex revenue recognition,and the failure of the implementation of audit procedures;(2)Huanrui Century Cultural media listed companies have many audit risks,such as fraud and operating risks brought by changes in the regulatory environment of the film and television industry,unreasonable internal governance structure of the company,resulting in internal control failure,income recognition risks,large and high accounts receivable balances and audit procedures Insufficient implementation,etc.;(3)Accounting firms can take various measures to prevent audit risks existing in listed companies of cultural media,including effectively identifying and evaluating major misstatement risks by focusing on the risks of the industry environment and its changes,the company's internal governance structure and internal control risks,intangible assets,and revenue recognition,as well as by combining listed companies with cultural media features to improve audit procedures and strengthen quality control of accounting firms to prevent inspection risks.It is hoped that this research can not only enrich the relevant theoretical foundation,but also promote the audit quality of listed companies in the cultural media industry,and it is beneficial to maintaining the market order of the cultural media industry,promoting the health and sustainable development of the listed companies in the cultural media industry.