Research On The Audit Risk Of The Growth Enterprise Market In China

In recent years,the exposure of the financial counterfeiting events such as " Xindadi Bio-Tech Co.,Ltd ","Wanfushengke" and "Xintai Electric" have aroused wide public concern over the audit of listed companies on GEM among China.The public has raised doubts about the quality of the audit work and created a crisis of confidence for certified public accountants.Since the establishment of China's GEM in October 2009,710 companies have been listed on the market expired at December 2017.As a supplement to the main board market,China's GEM has not only improved the structure of China's securities market but also made a great contribution to the economic development of our country.GEM is aimed at small and medium-sized high-tech enterprises,which have good prospects for development,meanwhile these companies are accompanied by high operating risks.Therefore,to strengthen the research on the audit risk of listed companies in China's GEM will help to improve the quality of certified public accountants and restore the public trust in certified public accountants.It also helps to promote the standardized operation of listed companies and the effective operation of the GEM.Promoting auditing has become one of the significant means of supervision in the economic construction and development of our country.From the perspective of certified public accountant,the author summarizes the causes of audit risk of listed companies in China by analyzing the counterfeit measures of "New Earth" and the reasons for audit failure.At the end of the analysis,the corresponding tactics are given for the reasons given above.Throughout the thesis of this article : The first part will be a brief statement of research significance and ideas;The second part will be the introduction of related concepts and theoretical basis in order to provide the theoretical basis for this analysis;The third part is to analyses the case,the causes of the audit failure throughout the summary of fraud of "New Earth",which points out the following research about the audit risk and the coping strategies of the listed companies in GEM.Besides,the fourth part will analyze the causes of the audit risk of the GEM companies in China on the basis of the "New Earth" audit failure case,but not limited to " Xindadi Bio-Tech Co.,Ltd " audit failures reflected in the problem.The key of this research is the fifth part.According to the causes of the fourth part analysis,I give my own coping strategies.Compared with other literature,this audit risk research is based on actual audit failure cases rather than proceed from the audit risk model.According to the previous cases,thepaper analyzes the cause of audit risk of GEM in our country and gives the corresponding countermeasures and suggestions.In a word,this paper studies the audit risk of GEM listed companies not only on the theoretical level,but also on the real cases,which leads to a more in-depth thinking and thus more practical significance.I wish to hear that this study can play a certain role in the research on the audit risk of GEM listed companies.I hope it can provide new ideas for the risk analysis of the GEM audit.