Study On The Auditing Of Assets Impairment Loss Of Listed Companies

With the rapid development of the world economy,the risks faced by enterprises are increasing,the phenomenon of asset impairment occurs frequently,and asset impairment accounting is more and more concerned by the theoretical and practical circles.The development of asset impairment accounting in China has undergone an incomplete and comprehensive process,and the asset impairment accounting standards have been continuously improved.The survival of an enterprise is based on the assets.The purpose of the establishment of an asset impairment accounting is to consider the robustness,effectively measure the true value of assets,and help the enterprises to avoid risks in the future.At the same time,provision for impairment can truly reflect the business conditions of the enterprise and provide investors with high-quality accounting information for decision-making.However,due to the particularity of each asset impairment and the uncertainty of the accounting standards,the accounting information disclosed in the financial statements may be misstated or fraudulent.At this time,the certified public accountants' Preparing for the audit becomes significant.This article uses literature research method and case analysis method to study the audit of assets impairment loss of listed companies on the basis of previous studies.This paper firstly summarizes the status quo of assets impairment loss audits both at home and abroad,and then elaborates the concepts and theories related to assets impairment loss auditing,including principal-agent theory and asset preservation theory.Secondly,the basic situation of A and its auditing clients is briefly summarized.In this paper,10 firms with large amount of impairment of assets in audit firm of A firm are selected for analysis.By analyzing the disclosure information of asset impairment loss in their financial reports,it is found that the bad debt provisions,inventory falling price reserves and fixed assets minus There is a problem with the value preparation disclosure.However,the certified public accountant issued an unqualified auditor's report on the audited entity.This shows that the certified public accountant has some problems and difficulties in auditing the impairment loss of the listed company's assets.The following sections give a detailed analysis of the difficulties and problems that A firms have in their audits.Finally,through the research in this paper,some suggestions are put forward to help improve the audit quality of the firm and reduce the risk of audit.At the same time,it also provides reference for other accounting firms to audit the assets impairment provision.