A Study On The Audit Related Party Transaction Of KZ Company

At present,China's securities market is gradually improving because of the rapid development of our national economy.However,in recent years,frauds,which are constantly occurring,are harming the interests of stakeholders and polluting the "green environment" of securities market.Whether it is the North born pharmaceutical industry,Asia Star chemistry,Xinjiang medium or the newly rising new three board market,these companies are using the manipulation of profit to carry out financial fraudulent practices in the transfer of resources in the related party transactions.Because of the existence of these frauds,this puts forward higher requirements for accounting firms,so as to better play the role of economic supervision.Accounting firms often face great challenges in the audit of related party transactions because of the concealment of the related party transactions and the vague definition of the related parties in the audit task.In order to better carry out the audit work,be familiar with the common means of fraud in the related party transactions,to improve their professional ability,to cultivate their own good professional ethics and to recognize the risk of the related party transaction audit correctly,every certified public accountant should attach great importance to it.This paper studies the case of KZ company using the profit manipulation fraudulent means to collect illegal interests in related party transactions.This article is divided into six parts.The research background and significance,research ideas and framework are outlined.By using literature review and case study,the characteristics of related parties and related party transactions are studied,and the principles and contents of related party transactions audit are summarized.On the basis of the related audit cases at home and abroad,combined with the case of KZ company's related party transaction audit,this paper studies the problems existing in the audit process of the ZS accounting firm,explores the reasons for the problems in the audit process,and puts forward some relevant suggestions in connection with the current situation of China's related party transaction audit.The last part of this paper is a summary of this article,which explains the imperfections of the analysis,and hopes to contribute to the development of the theory and practice of the related party transaction audit through the analysis of this article.