Research On Management Fraud Audit In High-tech Enterprise Certification

Technological innovation is the fundamental driving force for a country to develop for a long time.As a knowledge-intensive economic entity,high-tech enterprises will undoubtedly become an important driving force for a country to improve its overall national strength and achieve sustainable development and technological innovation.Therefore,supporting the development of high-tech enterprises and improving the identification of high-tech enterprises has undoubtedly become an important measure of the Chinese government.Since 1991,the Chinese government has started to formulate the identification policy for high-tech enterprises.In 2008,the Ministry of Science and Technology,the General Administration of Taxation and the Ministry of Finance promulgated the “Management Measures for the Identification of High-tech Enterprises” to standardize the identification of high-tech enterprises.Obtaining high-tech enterprise qualifications can not only enjoy rich national tax incentives and local financial subsidies,but also help enterprises to pass IPO listing audits of Sci-Tech Innovation Board and New Third Board.However,many enterprises that do not meet the conditions for the identification of high-tech enterprises also attempt to defraud high-tech enterprises through management fraud,which not only caused the turmoil in the capital market,but also caused the government's relevant regulatory authorities to attach great importance.Auditing is an important institutional arrangement of the market surveillance system.The US auditing standards,international auditing standards and China's auditing standards all clearly point out that CPAs have the responsibility to pay attention to management fraud risks and to disclose management fraud.In addition,the China Institute of Certified Public Accountants clearly stated in the "Special Audit Guidelines for the Identification of High-Tech Enterprises" that the management of the reporting enterprise is likely to have fraudulent motives for enjoying preferential tax policies,resulting infraud risks of R&D expenses and incomeof high-tech products or services.Auditors should evaluate and respond to management fraud risks in the process of conducting high-tech enterprise certification audits.When the national audit conducts a review and random inspection of enterprises that have obtained high-tech qualifications,it also needs to focus on identifying and responding to the risk of management fraud.Therefore,the topic of how the audit work effectively identifies and responds to the risk of management fraud in the identification of high-tech enterprises has once again attracted special attention.Firstly,through the results announcement and questionnaire survey of the regulatory authorities,this paper analyzes the fact that the management fraud in China's current high-tech enterprises is more serious,and due to the lack of audit independence,the limitation of audit methods,the formality of the audit process,and the imperfect audit standards in the identification of high-tech enterprises,it has led to the failure to identify and detect management fraud.Secondly,on the basis of the existing research results at home and abroad,the strategy of management fraud audit in the identification of high-tech enterprises is put forward,which is to use the risk of management fraud that leads to the risk of material misstatement in high-tech enterprises.Certain audit procedures and methods identify and respond to the risk of fraudulent management and form certain reasonable audit conclusions.Then,with the audit case of A company's high-tech enterprise,the paper analyzes in detail the identification of management fraud risk and the countermeasures of management fraud risk in the high-tech enterprise certification of company A.Audit procedures and methods to arrive at a reasonable audit conclusion.Finally,based on the analysis of the full text,some policy suggestions for management fraud audit in high-tech identification are proposed,such as rebuilding the high-tech enterprise identification system;paying attention to the early warning signal of management fraud in high-tech enterprise identification;using input-output logic figure defines the research and development project;strengthens the understanding and testing of the internal control of the audited unit;improves the auditor's ability;develops sound regulatory standards and conduct on-site investigation and seek the help of professional organizations,etc.With practical suggestions and references,it improves the efficiency and quality of auditing,so as to further standardize the management of China's high-tech enterprise qualification certification and achieve optimal allocation of resources.