Research On Audit Of New Third Board Related Party Transactions

As an important part of China's capital market,the New Third Board market has experienced rapid development since its establishment in 2013.By the end of 2018,the number of listed companies has reached 10,946.In the past few years of the rapid expansion of the New Third Board,thousands of companies have sought listing every year.However,in the process of the rapid listing of the New Third Board,there have been numerous cases of listing audit failures,the highest proportion of which is related to the failure of related party transactions.The issue of auditing related party transactions of the New Third Board has become the focus of auditors,and it is also a difficult point of auditing.During the auditing process,the auditors issued inappropriate audit opinions due to the failure to identify the related party relationships and related transactions of the proposed company due to insufficient implementation of the audit procedures and insufficient professional cautiousness.This is unfavorable for the development of the newly established New Third Board market.Once the accounting firm is punished by the regulatory authorities,this will greatly undermine the confidence of investors in the New Third Board market.At present,domestic research on related party transaction audits mainly targets listed companies on the main board,and few studies on the background of the new three board listed companies.It is also the innovation of this paper to study related party transactions under the special background of the listing of the New Third Board.This paper combines the case of T company,using the methods of literature research and data analysis,based on the previous research,combined with relevant theories,first points out the difference between the new party board listing and the IPO audit related party transaction audit,in order to highlight the new three board listing The characteristics of related party transaction auditing;then,the current situation of the current third board listing related party transaction audit is analyzed,and the general problems are pointed out.On this basis,this paper selects T company's new three board listing audit as a case and analyzes its association.The problems of the party transaction audit and the causes of the problems,and some of the ideas put forward in the previous article;Finally,this article from the perspective of auditors and accounting firms,based on the above analysis of the problems and reasons to give countermeasures.It is hoped that through the research and analysis of this paper,the efficiency of the related party transactions of the auditing company listed by the accounting firm will be improved,and therelated party transactions of the listed company will be regulated to promote the healthy development of the new three board market and increase the investor's confidence.