On Risk Control Of Biological Assets Audit Of "S Animal Husbandry" Company

China is a big agricultural country.With the continuous development of domestic and foreign economic and trade,the status of agricultural enterprises in the national economy has become more and more important.Biological assets are the largest portion of agribusiness assets.However,at present,the internal control of most agricultural enterprises is very problematic,and the disclosure of relevant information in the financial statements is incomplete,which increases the risk of biological assets audit.China's audit started late,especially immature on the audit of biological assets,and there is less literature on biological assets risk and control.In order to study the biological assets audit of agricultural enterprises more comprehensively,analyze the risk points in the biological assets audit and put forward risk control recommendations,this paper analyzes the possible risk points in the audit of biological assets from two aspects: financial statement level and recognition level,based on the experience of practice and the staff of agricultural audit for many years.In this paper,the company "S animal husbandry" was selected as the case object to conduct the audit risk analysis,in order to put forward the audit risk control countermeasures applicable to biological assets,which is helpful to reduce the audit risk of agricultural biological assets.Based on the case analysis method,this paper chooses accounting firm A to audit the process of S Animal Husbandry Company in 2017 as the research object.First,it analyzes the characteristics of biological assets and their impact on auditing.Secondly,it analyzes the reasons for the formation of biological assets audit risks.On the one hand,due to the high risk of biological assets audit,corporate management will have a fluke mentality to commit fraud.On the other hand,due to the particularity of biological assets audit,audit risks can not be completely eliminated,and can only reduce audit risks to some extent.Then,according to the audit process of S Animal Husbandry Company in 2017,accounting firm A conducted the possible audit risk analysis from the financial statement level and the recognition level,and also studied the risk points that should be paid attention to in the biological assets audit.Through the case study,this paper puts forward several suggestions to reduce the risk of biological assets audit according to the feasibility of actual audit.First,for the financial statement level,auditors should not rely too much on internal control of the company,but should maintain due professional suspicion and rationalize the audit plan.Second,for the level of identification,first of all,in the aspect of existence identification,when the existence of inventory is identified,the biological assets of animal husbandry enterprises are mostly on land,and auditors should personally conduct an inventory,and try not to take the form of sampling,to avoid monitoring plates in form,and at the same time to understand the life cycle of biological assets.Ensure the accuracy of inventory reviews and to the extent possible,engage experts to carry out the assessment and conduct further audits on the basis of the assessment reports provided by the experts,with guarantees of independence,when confirming the existence of procurement,on the one hand,the audit personnel should implement the letter and evidence substitution procedure when they can not carry out letters and certificates to the farmers.On the other hand,they should pay attention to the actual control relationship between the related parties and the enterprises;The second is the valuation and apportionment aspect,which can be compared with the financial data of other enterprises in the same industry.If there is an anomaly,it should attract attention and allocate more audit resources.At the same time,in the process of auditing income,consider whether the confirmation of government subsidies is reasonable.confirm.In addition,in terms of policy,the measurement and disclosure policy of biological assets should be further standardized.At the same time,the penalties for corporate financial fraud should be increased to reduce the audit risk of biological assets at the source.