Research On The Risk Control Of CPA's Anti Money Laundering Audit

In 2018,Financial Action Task Force on Money Laundering(FATF)will carry out a fourth round of evaluation on China.In order to strengthen the regulation of international anti money laundering practice and meet the regulatory requirements of FATF,China is trying to bring non-financial institutions such as real estate,auction house and certified public accountants into the supervision of anti money laundering.As the independent third party of economic audit,CPA is one of the driving forces of national anti money laundering regulation.Therefore,it is urgent to establish and improve the anti money laundering system and to promote CPA's anti money laundering audit as well as fulfill the obligation of anti money laundering as soon as possible.However,at present,CPA does not have a mature evaluation index system to identify and evaluate the risk.It is one of the prerequisites for the current promotion of CPA to become an anti money laundering institution,to establish an operational risk index system of anti money laundering audit risk and to control and reduce the risk of CPA audit.There are few researches on the evaluation and control of anti money laundering audit risk.Therefore,this paper,taking the risk point in the anti money laundering audit as the breakthrough point,explores and identifies various kinds of risks of anti money laundering audit,and constructs an evaluation index system for the risk assessment of anti money laundering audit,and discusses the risk evaluation and control of the anti money laundering audit.This article mainly uses the normative research and case analysis method,first,introduces the background,significance,methods and main innovation points of the research.Secondly,it expounds the relevant concepts and regulations of the domestic and foreign anti money laundering audit,combs and reviews the related research documents;third,analyses the risk control of CPA's anti money laundering audit.The present situation and the existing problems;fourth,try to construct the risk evaluation index system of anti money laundering audit,and analyze the validity of the model combined with practical cases,and put forward the corresponding countermeasures.The main contributions of this study are as follows:1.It analyzes the problems of CPA's audit risk control in anti money laundering.Starting from the four risk levels of the audit risk model,this paper expounds the risk control problems in the process of the CPA anti money laundering audit business,such as not identifying high risk business,ineffective implementation of internal control system and lack of independence of accountants,which provide the direction for the construction of the risk evaluation index system for the anti money laundering trial.2.Based on the audit risk model,we set up an evaluation index system of CPA's anti money laundering audit risk.On the basis of four levels,such as inherent risk,control risk,inspection risk and the risk of anti money laundering responsibility,we set up the two level detail index,and use the analytic hierarchy process to assign the weight to the index,and set up the scoring standard.3.Evaluate and compare the risk of A company's anti money laundering audit.Using the existing accounting firm risk evaluation system and the evaluation index system of anti money laundering audit risk in this paper,the risk of anti money laundering audit of A company is evaluated.The conclusions are that the internal control system has defects,the management ability and the protection of the customer's rights and interests are insufficient,and the overall audit risk is high.The comprehensive comparison shows that the evaluation system built in this paper is more comprehensive,scientific and effective.It is suitable for the CPA to evaluate and control the audit risk of anti money laundering in the audited units.