Research On Audit Risk Control Of Annual Report Of Listed Companies In NEEQ

After the promulgation of the "Thirteenth Five-Year Plan",the China's NEEQ market has enjoyed a rapid and vigorous development under a favorable policy environment,in cooperation with the continuous supportive policies.However,while the market is developing rapidly,there are still many problems in the listed companies in the market.Due to the relatively low market access requirements,wide industry inclusion and loose regulatory environment in the previous period,NEEQ market is full of risks.As a result,regulators have also become more stringent in regulating the market.In particular,listed companies have been severely punished by the CSRC and NEEQ company in the performance of their continuing obligations after they have been successfully listed on the market.At the same time in the NEEQ market has a higher risk and a sharp increase in the number of listed companies,combined with the investors can rely on the company effective information is not much,all sectors of society eager to obtain high-quality accounting information by auditing of the annual report of the listed companies.So the information of annual report which has been auditted by accounting firm is particularly important.But,based on the overall high risk in the NEEQ market,accounting firms will encounter more difficulties in auditing their business compare to auditing the company that listed in floor market.In order to solve these unique difficulties and reduce the annual audit risk of listed companies,auditors need to have a clear and complete understanding of their audit risk from the risk-based audit theory and deal with them in a targeted manner.Based on the literature research,this paper adopts the method of case analysis,and choose skk company listed in NEEQ in 2014 as the research center,and analyzes the audit risk of the annual report audit in the year of 2015.Based on the theory of audit risk and its control theory in foreign OTC market and the domestic tNEEQ market,combine with the modern risk-oriented audit theory and audit risk model,this paper studied the material misstatement and inspection risks of the annual report of the skk company.Then find that the risk of material misstatement in the audit of the annual report was mainly reflected in the imperfect governance structure,the lack of internal control,the transaction of funds with related parties,management fraud or earnings management,and the insufficiency of going-concern ability.While the inspection risks lies in the audit independence of doubt,improper audit planand the lack of quality control system.On the basis of case analysis,this article puts forward the countermeasures in a targeted manner,namely deeply understanding of the audited companies and the overall environment,strengthen internal control audits,focus on auditing related party transactions,pay attention to income-related analysis,and reasonably assess the sustainable management capability of enterprises.At the same time,the firm itself should reinforce auditors' risk awareness,improve the audit plan,improve the quality control system of the firm.