| With the increasing competition in the market,related party transactions have become an increasingly common way of doing business.On the one hand,it can reduce transaction costs and improve operational efficiency.However,improper use of related party transactions also has a bad impact on the capital market,causing widespread concern in society.Some enterprises use non-fair related party transactions to deliberately whitewash financial statements,which seriously disrupts the market economic order.At the same time,the complex characteristics of related party transactions also bring greater risks and challenges to the audit work.This requires us to thoroughly study the issue of the related party transaction audit risk of the enterprise to improve the audit quality of related party transactions.In view of the above background,this study will explore related theories based on related party transactions,and analyze a series of behavioral characteristics of complex related party transactions from financial data,so as to summarize the audit risk and inspiration of related party transactions.At present,the financial fraud and auditing issues of related party transactions have long been widely concerned by academic circles at home and abroad,and the results are very rich.However,relevant research at home and abroad is more focused on theoretical research,and there is no targeted analysis based on specific cases.In addition,the precautionary measures are mostly analyzed and elaborated from the perspective of the enterprise itself or the government and other regulatory agencies.There are fewer solutions to the auditors' assessment of the risk of auditing related party transactions.This paper discusses the problems and reasons in the related party transactions of the case company,and summarizes the common practices of listed companies,especially network video companies,using related party transactions to manipulate report data,and identifies the related party transaction audit risks through typical cases.Suggestions were made.Based on this,this paper adopts a combination of theory and case analysis to comprehensively explore the influencing factors of related parties and their transaction audit risk from multiple perspectives.Taking the focus of the recent capital market,LeTV as the case study object,starting from the abnormal financial information disclosed by the case company,it focuses on how the case company uses the related party transaction for financial fraud and the identification and evaluation of the related party transaction audit risk.Provide reference for the improvement of the path of audit risk prevention and control mechanism.Based on the above research,the paper draws the following conclusions:(1)The specific problems of the related party transaction audit in the LeTV case are mainly due to the lack of sufficient attention to abnormal situations and transactions,the failure to strictly implement the related party transaction audit analysis procedures,and the failure to standardize the disclosure of audit reports;(2)LeTV's related party transaction audit risk includes material misstatement risk at the industry and company level and audit risk associated with the auditor;(3)In order to improve the level of transaction fraud audits of related parties of listed companies,it is necessary to form the macro system level,accounting firms and auditors themselves.Multi-party work together and complement each other to effectively deal with audit risks.In summary,through the audit research on related party transactions of listed companies in the online video industry,it helps to improve the professional level and practice ability of CPAs in audit work,and reduces the occurrence of audit failures in related party transaction audits.At the same time,it helps to maintain the normal operation of China's market economic order,and has certain reference significance for the improvement of the related theory of audit risk of related parties in the network video industry. |
PDF Full Text Request