Research On Audit Risk Of Scientific And Innovative Enterprises

Since the 18 th national congress of the communist party of China(CPC),in order to realize the strategy of rejuvenating the country through science and technology and realize the transformation of the economic structure,the state has introduced a series of preferential policies such as tax incentives and fiscal subsidies to guide,encourage and support the development of enterprises based on science and innovation.In 2016,China further revised and improved the administrative measures for the recognition of high-tech enterprises,which further relaxed the requirements for the recognition.The development of technology-based enterprises showed a trend of more rapid development,and more and more technology-based enterprises emerged.With the rapid development of kechuang enterprise,to win the audit services will be more and more enterprises,kechuang enterprise has the high investment,high output,high-growth,characteristics of knowledge intensive,kechuang enterprise face higher operating risk,combined with kechuang enterprise category numerous,homogeneity,large input and output,and the smaller part of the input and output has the characteristics of intangible,strong professionalism,in type of kechuang enterprise audit,the auditors will face a greater risk of audit.Therefore,auditors need to fully improve their awareness of the audit risks of scientific and innovative enterprises,properly allocate audit resources,and design a set of scientific and efficient audit procedures in order to effectively ensure the audit quality,so as to reduce the audit risks to a relatively low and acceptable level.Based on risk-oriented auditing as theoretical basis,the kechuang enterprises related to the audit risk as the research object,by looking for domestic and overseas and the risk guidance auditing and kechuang enterprise audit related information,document and case,on this basis,in accordance with the auditing standards for certified public accountants,the kechuang enterprises audit risk is divided into two categories,respectively is heavy blunder newspaper risk and detection risk,to study and analysis,at the same time,how to effectively reduce the risk of such measures were studied.This paper studies and analyzes the reasons for the formation of audit risks from the perspectives of external factors,internal factors and auditors.Meanwhile,it describes the industry characteristics of scientific and innovative enterprises and the relevant audit risks that may be brought by the particularity of the industry.Y company as a case to study,from the Angle of the two,respectively from the financial statements level(financial statements as a whole)and the recognition level(for a particular project,such as an asset,a spending subject)to analyze Y company's material misstatement risk,and found the following problems: because of Y company for strategic transformation,lead to the existence of risk is mainly divided into four aspects,respectively is related to material misstatement of the financial statements,the income and cost accounting confirmation,research and development spending and cost.At the same time,a brief analysis was made to study the inspection risks.Of risk of material misstatement of Y company this problem,the author mainly has four aspects of the proposal,one is to strive to achieve accurate to evaluate the management risk of the auditees exist,the second is to focus on the internal control in the implementation of the auditees management link,is to the revenue and costs related to three each accounting subjects more audit procedures,four is the key review on technology r&d capital expenditure.At the same time,the author believes that more and broader audit resources should be invested to optimize the formulation and implementation of audit procedures,and strengthen the ability of practitioners in the field of information system audit to cope with greater audit risks.The innovation of this article is from the enterprise financial data for many years,multi-dimensional and multi-level of kechuang enterprises audit risk has carried on the detailed research and analysis,kechuang enterprises due to its industry particularity,audit risk existing in the industry and other industries,this article in the entire process of writing,based on the idea of the modern risk-oriented auditing,and starting from the parent and subsidiary companies of various types of business,a complete and detailed research and analysis the risk of material misstatement due to individual identity.,of course,this paper also has some disadvantages,mainly reflected in two aspects,on the one hand is no empirical research in this paper,so inevitably make individual case analysis has certain limitation,on the other hand,because of the author's own lack of accounting and auditing practice experience,at the same time,there are no more channels to get more detailed information,so cannot bring kechuang model to quantify the operating risk of enterprise existence,and simply are relatively simple described.