A Research On IPO Enterprise Sustainable Profitability Audit And Effect

Since the reform and opening up,China's capital market has gradually developed,the securities market,as one of the main forms of capital market,not only brodens the financing channels for Chinese enterprises,but also provides a good investment platform for investors,and effectively optimizes the resources allocation in Chinese capital market.In order to make full use of the resources of capital market,IPO is still one of the development goals of many enterprises.How to avoid stepping into the minefields that the CSRC is concerned about in the IPO process under the stricter regulatory environment naturally become the focus of the proposed IPO enterprises.In the past years,most scholars have summarized the various reasons from a comprehensive perspective,but less from a single direction of sustained profitability in-depth study.As one of the main reasons for whether IPO 1s successful,it is more practical to conduct in-depth research on the factors of sustainable profitability.In this paper,the case study on whether the sustained profitability of an enterprise is doubtful in the process of IPO mainly adopts the method of combining literature analysis,statistical induction and case analysis.The full text is divided into six chapters.The first one is the introduction,introducing the background of the topic and the significance of the topic,and expounding resumptively the research methods and contents of this paper.The second chapter sorts out the development process of China's IPO system,and summarizes the conditions of initial public offerings of the small and medium-sized board and the GEM.The third chapter summarizes the adoption of IPOs in China over the years,analyzes the cases of IPOs from 2016 to January-June 2018,and summarizes the common reasons for IPO companies of being rejected and conclues whether the doubts about sustained profitability is one of the main reasons;the fourth chapter mainly combines the CSRC audit concept and the further study of the case of whether the sustained profitability is doubtful,summarizes the specific appearance of the suspected sustainable profitability doubts,and provides some reference for the enterprises preparing for IPO;the fifth chapter analyzes statistically whether the enterprises that were rejected because of the sustained profitability from 2010 to 2014 are going to have a second IPO as well as the performance after the success of the second IPO,and demonstrates the necessity and rationality of the CSRC's judgement on the sustained profitability;the sixth chapter mainly summarizes the conclusions and deficiencies of this paper.proposing relevant rectification suggestions for the factors that may lead to doubts about the company's sustained profitability in the future,and the CSRC's recommendations on the necessity and rationality of the company's sustained profitability judgment in the process of auditing.