Research On Audit Risk Control Of Listed Companies In NEEQ

As an important part of China's capital market,the New Third Board market has experienced rapid development since its establishment in 2013.The number of listed companies increased from 156 in 2013 to 11,613 in 2017.Although the development of the New Third Board is fast,there are also many problems.Different from the main board market,the new three board market is positioned in small,medium and micro-innovation companies.With low entry thresholds and weak regulatory environment,many low-quality companies have successfully listed new boards through malicious packaging,which has brought great harm to the development of the market.With the successive occurrence of a series of financial frauds and audit failures in the New Third Board,the CPA ' s professional development faces a credit crisis.China's new Third Board market started late,when the next scholars mainly focused on the development status of the New Third Board market,the regulatory environment,and listed companies' financing strategies and information disclosure issues.There was not much research on the audit risk of the proposed company.Therefore,it is of great practical significance to study how to identify and evaluate the risk of material misstatement and check the risk of the listed audit.Based on the modern risk-oriented auditing theory and audit risk model,this article is based on the CPA perspective and takes the listed audit of the Shenxianyuan Company as the research object,and analyzes the auditing risks faced by the CPA in the process of listing and auditing,and analyzes it.The factors that influence the risk ultimately propose corresponding preventive measures.According to the audit risk model,the paper analyzes audit risk from major misstatement risks and inspection risks.Major misstatement risks are identified and evaluated from the financial statement level and the identified level.This study found that:(1)Listing auditing is different from IPO auditing.CPAs' charging standards for listing auditing services are much lower than IPO auditing,and the degree of assurance of audit quality is also relatively reduced.The New Third Board market is mainly aimed at small-scale and early-stage companies.These companies often do not have a reasonable ownership structure and a sound internal control system before undergoing a share conversion system.These factors increase the difficulty and audit risk of CPAs.Second,government agencies have relatively weak regulatory oversight of non-compliance listing audits,far less than the IPO audit's penalties.(2)Finding from the case study:The major misstatement risk of the proposed company is the main factor in the formation of audit risk:The major misstatement risk of the company is mainly reflected in the incomplete internal corporate governance risk and abnormal growth in profitability.Risks,risks of lack of continuing operations,risk of revenue recognition and cost accounting,unreasonable risks of capitalization of costs,unclear ambiguity of related parties,and unfair risks of related transactions;inspection risks are mainly reflected in the fact that project teams do not use reasonable auditing.The lack of professional competence of the program and project team members.The auditing risk of CPA mainly comes from three aspects:accounting firm,auditing client and supervision environment.(3)This paper proposes preventive measures to improve the status quo of the audit of the new three boards from the level of accounting firm and legal supervision.Among them,the accounting firm made the following improvements at the overall level:improving the firm's quality control system,strengthening the comprehensive training of certified public accountants,and establishing a professional technical support system;CPAs should carefully evaluate the company's ongoing operating capabilities and strengthen the The audit of internal control of the company focuses on the rationality of the company's income;Finally,it suggests that the legal supervision level can improve the following aspects:improving the employment system of the New Third Board Certified Public Accountants,adjusting the new three-board fees,lowering the litigation threshold,and increasing the liability for compensation.