On The Issue Of Biological Assets Audit

In recent years,China's market has repeatedly experienced financial fraud.China is a big agricultural country.As an important part of China's A-share listed companies,agricultural listed companies have repeatedly exposed the scandal of financial fraud.Analysis of the reasons compared with other listed companies,agricultural listed company has a uniqueness.The proportion of biological assets in agricultural companies is often large,and biological assets are different from other common stocks,which are difficult to determine,their own value is difficult to measure,and are greatly affected by the environment,and these all give financial fraud to agricultural listed companies.Facilitating,increasing the difficulty of auditing for CPAs and bringing audit risks.As agricultural listed companies are the leader of agricultural economies,they have received the attention of the state and obtained many tax incentives and government subsidies,which led to the relatively scattered internal control of agricultural listed companies,which brought greater challenges to the audit work of CPAs.In addition,the lack of bio-asset-related expertise in the auditing of CPAs,and the lack of the idea of combining modern risk-oriented auditing with the characteristics of biological assets,etc.,That resault the audit of bio-asset audits become the focus and difficulty.In this context,this paper,through the study of relevant theoretical knowledge,is guided by modern risk-oriented auditing,and takes into account the two shrimp scallop inventory problems of Zhangzidao Group Co.,Ltd.(hereinafter referred to as Zhangzidao),combining the data of two events.Relevant information pointed out the breeding status,internal control aspects of the scallops of Zhangzidao and the problems in the audit process of CPAs,and proposed the improvement of biological assets audit for these problems.It mainly analyzes and responds to the problems in the audit of biological assets,especially scallops,and provides reference for improving the auditing quality of CPAs.The full text of the full text is as follows:The first part introduces the background and significance of this research.It studies and summarizes the literatures in the past and abroad,and also points out the main contents and research methods of the research.The second part discusses the related theories of biological asset auditing,mainly introduces the concept and characteristics of biological assets,the characteristics and processes of biological asset auditing,and the factors affecting the audit of biological assets.There is a lack of analytical procedures and the monitoring of biological assets.Forms,CPA expertise and limited audit independence.The third part is mainly about the introduction of the background and events of Zhangzidao,the listed agricultural enterprises of Zhangzidao and Zhangzidao itself;and the occurrence,passage and current results of the two scallop incidents in Zhangzidao.The fourth part introduces the problems existing in the bio-asset audit of Zhangzidao.Most of the shrimp scallops in Zhangzidao choose bottom-bottom breeding,and at the same time account for a large proportion of biological assets and total assets,which makes it difficult for the ecological assets of Zhangzidao to be counted.At the same time,Zhangzidao There are still insufficient internal control in the production stage,insufficient internal control in the growth stage,and insufficient disclosure of biological assets related information,resulting in poor internal control of biological assets;and the CPA audit procedures are not in place,the supervision work is not in place,and their own competency is insufficient.As well as the lack of independence,the problems in the audit process of these CPAs and the previous problems have led to a decline in the quality of the audit of the bio-assets of Zhangzidao.The fifth part proposes improvement suggestions for the audit of biological assets of Zhangzidao.From the aspect of biological asset information disclosure,it should improve the information disclosure system of biological assets in China and increase the penalties for violation of disclosure.In the implementation of auditing procedures for certified public accountants,CPAs should strictly implement The auditing procedure also regulates the monitoring procedures of biological asset auditing;the individual CPA should strengthen the training of CPA business ability and improve the independence of CPAs,thereby improving the CPA's own level,improving audit quality and reducing audit risk.