Research On Key Audit Matters Of Listed Banks

In order to solve the problem of insufficient information content of the original audit report,the Ministry of Finance officially issued 12 notices on the new audit reporting standards at the end of December 2016.The notice required that the new audit report no longer use the original unified template,but changed the report by communicating “key audit matters” and adding “emphasis points and other issues” to increase the value of information and meet the demand for high-quality accounting information in the capital market.Among them,the addition of “key audit matters” is the key content of this round of standards.Based on the comprehensive implementation of the new audit reporting standards in China,this paper analyzes the industry distribution of key audit matters of 2017 A+H listed companies and finds that commercial banks,which are one of the three pillars of the financial industry,are the most important research items for key audit matters.After a preliminary exploration of the particulars and disclosure of the key audit matters of our country's public bank,using the audit reports of the four listed Banks,the details of the disclosure of the key audit matters,and the difference between the four Banks and the last year's disclosure,to find out the problems that the public Banks have in the decision-making and disclosure of critical audit matters.Finally,proposals for improvement are made to the key audit matters of listed Banks on the basis of the CPA level,the accounting firm level and the external regulatory level for the relevant issues.In the case part,firstly,four types of A-share listed commercial banks with typical representations were selected according to the nature of the assets.Then,by summarizing the disclosure contents of the key audit matters in their audit reports,find out the reasons for the confirmation of the key audit matters and how the audits were further analyzed responses.Finally,it is found that when the CPA determines the key audit matters,there is a lack of further refinement of the validation criteria,and it is difficult to grasp the number and level of disclosure of the matter.When the CPA reveals the key audit matters,the index content is incomplete,the audit response does not include audit results,and the standardized language cannot continuously provide incremental information.