On Optimization Of Related Transaction Auditing For Bank A

With the continuous development of economy,market competition is becoming more and more fierce.A large number of listed companies,while expanding their business territory through acquisition,new construction and other channels,are even willing to illegally use related party transactions for economic benefits.A series of financial fraud cases in recent years are prime examples.Due to its complexity and concealment,related party transaction fraud has become a common and even necessary means for listed companies and companies to be listed to commit financial fraud.The optimization of related transaction auditing is conducive to better dealing with related transaction fraud,thus improving the information disclosure quality of listed companies and safeguarding the legitimate rights and interests of investors..The banking industry has a large volume,related parties,and it is difficult to identify related party transactions.Whether the audit of related party transactions in the banking industry can be handled well is the "touchstone" of whether the audit means of related party transactions are excellent.Taking bank A as an example,this paper firstly introduces the status quo of related transaction auditing in the banking industry.In order to ensure the steady operation of the financial industry,related parties and related party transactions are subject to strict supervision.However,the definition of related parties is complicated,and the supervision mode of relying on Banks' independent disclosure of related parties and related party transactions cannot achieve the desired effect due to the lack of professional supervision.The paper thinks that the certified public accountant is the best candidate to shoulder the responsibility of verification,and fully expounds the reasons.Secondly,after a brief introduction of bank A,the whole process of auditing related transactions of bank A is presented in detail.There are detailed descriptions from how certified public accountants undertake business,how to understand auditees,how to implement risk identification and evaluation procedures,how to deal with identified major misstatement risks,what evidence to obtain,what conclusions to draw,and finally how to maintain audit services.Then,this paper makes a prudent analysis of the audit process.In addition to the lack of independence subjectively,there are deficiencies in the overall response measures and specific business aspects.According to the analysis of the shortcomings,one by one optimization Suggestions are given.This a series of optimization advice overall train of thought,jump out of the traditional case analysis,the conventional combination help certified public accountants audit program in the limited time to capture all kinds of clues and hide the thinking mode of the Related party wit,instead,will be the heart of certified public accountants from capture,turned to the mysteries of the related party transactions,make all kinds of relationship directly exposed in front of certified public accountants,the end of the connection transaction audit "I,in the light of enemy in the dark" in the passive situation,seem to have pain points of audit.In terms of procedure,it also breaks the routine and applies relevant means of legal verification to audit for the first time to effectively reduce audit risks.