Research On Identification,Evaluation And Response Of Related Party Transaction Fraud Audit Risk

According to the statistics of relevant scholars,related party relations and transzactions exist in most listed companies in China,and more and more.Listed companies in order to place in the fierce competition of the capital market,most of the listed companies choose to buy,to take control of the other enterprise behavior such as mergers and acquisitions,and then grab assets share,occupies advantageous position in the industry.This complex equity relationship provides a good basis for the formation of related-party relations and related party transactions,but it also creates the possibility for bad businessmen to obtain illegal benefits through related party fraud.Fraud once you start,it's hard to suspend short-term high benefit resulting from fraud are attracting more and more listed companies to try,the auditor's work has received the unprecedented challenge,reached to the difficult,it also exposed the problem of our country's audit business,need to continuously explore to improve the audit industry.In recent years our country law about related party have been in constant change,but our country enterprise quantity,fraud method is varied,can properly deal with all the fraud related party has yet to form a binding mechanism,gives commit wrongdoing breeding ground soil.Article research first lists the scholars about the identification of related parties and transactions with both at home and abroad,the affiliated party transactions fraud risk identification and evaluation as well as the countermeasures of research results,and the fruits of academic generalizations.Next,we study the related concepts of related parties and their transactions and the causes and basic theories of related party fraud.The article adopted the auditing standards stipulated by the train of thought,take the lead in the certified public accountants should be taken of the affiliated party transactions fraud risk identification and assessment process,secondly from two aspects of the overall audit plan and the specific audit plan are introduced to deal with related risk measures,as far as possible,to put forward countermeasures to practical,avoid too theory to problems of the operation.Finally,it combines the successful audit case-PwC' audit analysis of Shanghai domestication.