Research On Audit Risk And Risk Management Of Enterprises Overseas Project

Research background:the proposal of "One Belt And One Road" provides a huge historic opportunity for Chinese enterprises to "go global".With the support of national policies and their own advantages of operation,domestic enterprises can explore overseas markets and promote the overall competitiveness of enterprises.However,the development of effective audit and supervision of cross-border enterprises generally lags behind the speed of enterprises going abroad on a large scale.In the case of continuous disclosure of cross-border enterprises' problems,it can be seen from the side that our country's efforts in auditing and supervision of overseas projects and risk management of overseas assets are not strong enough.From the perspective of audit,the system,audit authority,language,customs and other constraints faced by the project audit of cross-border enterprises need to strengthen the external audit and internal audit of enterprises,and audit is an important way to measure the efficiency of economic activities and effectively supervise economic activities.One of the most authoritative forms of regulation,From the perspective of risk,cross-border enterprises also need to constantly strengthen their risk awareness,strengthen their risk management,and innovate risk management models,so as to avoid the loss of assets caused by blind investment and guarantee the safety of assets in cross-border investment.Research problems in this paper:this paper aims to illustrate the audit risks faced by enterprises in cross-border audit and their causes by combining specific cases of financial fraud in enterprises' overseas investment.In addition,based on the audit risks generated by enterprises' cross-border investment,this paper expounds how to effectively manage their audit risks so as to improve the level of cross-border audit.Research status:most of the existing research from theoretical aspects,the analysis of cross-border audit risk and its causes,and complete coverage of risk management in the enterprise,but the lack of cases from perspective of enterprises overseas projects of audit risk,and on how to strengthen cross-border investment,project audit risk management research is not sufficient enough.Research idea:in this paper,based on the modern audit risk model,through the introduction of foreign investment in China and overseas project risk management and enterprise development present situation,the introduction of this paper involves the main concepts and theory,then through to the analysis of financial fraud cases of Baxter,discussed under the background of "area",China's cross-border overseas project audit risk of listed companies,combined with the specific case,summarized the overseas project audit risk and its causes.In order to strengthen the audit risk management of enterprises' overseas investment,specific Suggestions are given from both objective and subjective aspects,and the paper focuses on strengthening the risk management of overseas investment by reforming the traditional audit mode--introducing cloud audit.The study finds that compared with the traditional business model,the audit elements of cross-border projects have changed,and the audit constraints have become more prominent with the expansion of overseas investment,and the resulting audit risks are more extensive.Through case analysis,it is found that:(1)cross-border audit risks are closely related to enterprises' overseas operation status,overseas audit restriction factors,industry characteristics,whether enterprises' internal control is effectively implemented,and whether certified public accountants have high professional competence.(2)for cross-border enterprise project audit risk,improve the outside auditing laws and regulations and policies,strengthening outside audit team construction,change the traditional audit approach,the introduction of innovative cloud audit,to optimize the company's internal governance to improve the level of overseas project audit risk management is of great importance.Innovation and application value of this paper:combined with specific enterprise cases,this paper not only breaks through the limitations of previous studies on cross-border investment audit risks of enterprises from the perspective of pure theory,but also increases the proof validity of cross-border audit risk analysis.Through case study,this paper finds the risks of overseas projects and investments in the audit process,and reveals the causes of the audit risks.Moreover,in this paper,the risk management of cross-border audit is taken as a measure to deal with the audit risks of overseas projects,which improves the research on the audit risk management of overseas investment risk management and breaks the limitation of previous studies on enterprise risk management.In addition,in the process of proposing to strengthen audit risk management,it innovatively introduces "cloud audit",expands the way of overseas audit risk management,and straightens the operation process of cloud audit in overseas audit.This case study is representative of Abbot and can provide references from both theoretical and practical aspects.This study is not only conducive to a more detailed understanding of the audit risks and causes of cross-border enterprises,but also conducive to the effective implementation of risk management of cross-border enterprises.This is not only conducive to promoting the improvement of cross-border audit methods and audit system,but also can play a certain role in inspiring and guiding cross-border enterprises and other industries to improve their risk management mechanism.