| At present,in order to win the competition in the market,the listed companies in all fields often establish relations with other companies through mergers and acquisitions to form or perfect their own industries Chain,expand the scope of the market,enhance their competitive strength.However,most listed companies often whitewash their financial statements with non-fair related party transaction,use flexible and variable related party transactions for earnings management and profit level adjustmentto achieve its specific purpose with the manipulation of revenue and profit.These behaviors oflisted companies will undermine the market order of our country and also virtually increase the special risk of certified public accountants.So auditors should pay more attention tolisted companies which always Major related party transactions are frequently used by in recent years,requiring auditors to pay more attention to the audit.First of all,based on the full study and in-depth study of relevant theories and literature on related party transactions andspecial risks,the article analyzes the influence that related party transactions on special risks from two aspects of theory and factors,and puts forward three hypotheses on the factors of influence.One of three hypotheses is that the higher degree of transaction of goods or services between the listed company and its related parties,there is the greater possibility ofparticular risk;Another one of three hypotheses is that the higher degree of transaction of the listed company providing guarantees to its related parties,the greaterofspecialrisk;The last one is that the higher degree of transaction of the listed company in drawing funds from its related parties,the greater possibility ofspecial risk.Second,the article collects all the A-shares listed companies of Shenzhen Stock Exchange and Shanghai Stock Exchange that disclosed related party transactions from 2014 to 2016.After removing some of the companies with some restrictions,the related party transaction data disclosed by remaining listed companies are used as samples to analysis of quantification and construction of Logistic regression model.After empirical test,the study found: the transaction of the listed companiesto provide guarantees to related parties has a greatest degree of impacton thespecial risk.In the second place is the influence of special riskis transaction of the listed company to lendfundstoits related parties.Therefore,in the practice of auditing,certified public accountants should pay close attention to the secured transactions and funds lending,clarify whether the audit clients charge the fund occupation fee and the pricing manner of the fund occupation fee,and obtain more authentic and reliable audit evidence through the implementation of special auditing procedures to reducethespecific risk.Finally,from three aspects of accepting frequent customers on the related party transactions cautiously,always keeping the risk prevention awareness,improving the overall quality,we put forward related recommendations to be able to effectively prevent specific risks for the auditors. |
