Study On IPO Audit Risk Of Agricultural And Sideline Product Processing Enterprises

Since the third plenary session of eighteen to register for the ipo system reform,the securities and futures commission in addition to the audit of listed company filings legal,compliance,will also direct spot check relevant certified public accountants working papers,this means that in the process of listed companies,certified public accountants audit responsibility is more difficult,facing the audit risk also further expanded.IPO audit itself is difficult to identify and control its audit risks due to the characteristics of long audit cycle,cumbersome procedures and complicated entrustment relationship,etc.and the agricultural and by-product processing industry,due to its particularity,expands and intensifies the audit risks to a certain extent.Therefore,this paper intends to start from the IPO audit risk of agricultural and sideline product processing enterprises.Based on the characteristics of agricultural and sideline product processing industry and the particularity of IPO audit,this paper discusses how to identify and prevent the audit risk of agricultural and sideline product processing enterprises.Before that,most scholars only talked about how to identify and prevent IPO audit risks in general,rarely combining with specific industries,let alone with agricultural and sidelod-product processing industry.This paper USES the principal-agent theory,asymmetric information theory,game theory,the modern risk-oriented audit theory is analyzed,such as the agricultural and sideline products processing industry and the combination of IPO audit risk,with characteristics of industry as the breakthrough point,on how to identify and prevent audit risk of agricultural and byproduct processing enterprises.that will equalize the IPO audit risks control in terms of theory in agricultural and sideline products processing industry,but also effective identification,control and prevention of agricultural and sideline products processing enterprises IPO audit risk,standardize the capital market,guide the investor's investment orientation,reduce investor's investment risk,And improve the IPO audit quality of accounting firms,reduce the possibility of audit failure caused by improper audit conclusions issued by accounting firms,and provide practical significance for the regulatory authorities to provide evidence and Suggestions for the governance of IPO fraud of agricultural and byproduct processing enterprises.