Research On The NEEQ Board Audit

The National SME Share Transfer System was formally established in 2012 and is an important platform for the transfer of shares,financing and targeted capital increase by non-listed SMEs.Because of its limited listing restrictions and the lack of stringent market-based audit standards,many enterprises with development potential and high-tech have listed on the “NEEQ Board” and injected fresh blood into the capital market.As of the end of November 2017,the number of new three board listed companies has reached 11,627 with a total market capitalization of 5.0948997 trillion.The status of third-party intermediaries plays a decisive role in the listing process of the NEEQ Board.The accounting firms are indispensable in this process and are responsible for auditing financial statements of listed companies and their capital verification.However,most of the new board companies have problems such as confusion of financial data,lack of strict internal control,or even fictitious issues,which may lead to long audit periods,limited audit scope,uncoordination of audited units,and asymmetric information with law firms and securities companies.And other issues.This has to some extent,increased the auditing risk of accounting firms to the proposed companies.Therefore,an accounting firm that bears major risks and responsibilities in the audit should conduct high-quality audits of the company prior to listing.Therefore,this article in-depth exploration of the audit process of the New Third Board listed companies to promote the good development of the listed audit.Based on the audit theory,taking TJ accounting firms as the main line of listing and auditing for Company D,by reading a large amount of documents and internships in the auditing subject units,this paper first introduces the business capability and proposed listing of TJ accounting firms New Third Board Market D company's basic information.Then,from the audit preparation stage,the implementation stage,the reporting stage describes the entire audit process.Subsequently,the audit of the main problems in the audit process and the reasons for the existence of the problem analysis and discussion,and finally put forward the corresponding countermeasures.