Research On The Risk And Countermeasures Of IPO Audit

With the development of Chinese multi-level capital market,It is a trend that many small and medium enterprises choose the IPO in the Second-board Market,If they succeed in IPO,the wealth of the entrepreneurs will successfully and sensationally increase,And the enterprises will raise their necessary funds to enhance their own financial strength,They firstly take the advantage of amplification effect of financial leverage to increase the amount of capital,and secondly to enhance stock value,ultimately to enhance the corporate image,However,watching vertically the development operation of the capital market in recent years,the development of main board and small-medium board market is becoming mature.On the contrary,the second-board Market keeps on creating more and more serious problems because of its imperfect relevant system,and the characteristics of small-medium enterprises themselves and other reasons.In order to achieve the provisions conditions that the Commission listed on.Malicious Packaging Market,Financial Fraud and other phenomena have been existing everywhere,At that moment,IPO Audit began to enter the public eyes,IPO enterprises themselves,investors,Intermediaries,the public start to pay much attention to IPO Audit,this is not just because the IPO Audit has more serious risks than the traditional audit and lead the IPO audit office and IPO Auditors into a dangerous situation,But the IPO process and the risks of Audit determines the application and results.We can see that the topic how to avoid the traditional audit risks and how to improve the quality of IPO Audit needs further explore.And the study of this topic is very important to learn from the value and practical significance.This paper firstly uses the literature research method to explain the meaning,source,model,control and prevention of audit risks.Secondly,uses chart analysis to analyze the approval of IPO application of different plate enterprises.And finally points out the 58unsuccessful approval enterprises on IPO Audit from 2014.4 to 2016.10.there are 25 unsuccessful enterprises are from Second-board Market.Nearly half of the total number of unsuccessful approval enterprises,and find out the reason why they didn't pass the audit through summarizing the enterprises from the Second-board Market to prove that the enterprises themselves and the person responsible for the implementation of IPO Audit is an important part of IPO Audit.They both play an important role in improving the quality of IPO Audit and controlling and preventing the IPO Audit risks,at the end of my paper,I put forward to improve the quality of Second-board Market IPO Audit from both the IPO enterprises and the IPO Audit,and think out many measures to control and prevent IPO risks effectively.