On Key Audit Matters Of Game Companies

As one of the most important indicators for financial information of listed companies,income is of great significance in reflecting the company's performance and development prospects.According to the statistics in the audit report disclosed by the 24 A-share game listed companies in 2017,the CPA has recognized revenue as a key audit matter.As an independent third-party expert,CPA has made game revenue recognition a key auditing matter in the audit process of financial reports prepared by game companies.That is because income is one of the key performance indicators of game companies and there are inherent risks of management manipulating revenue in order to achieve specific goals or expectations.For the deeper reason that game companies differ from traditional enterprises where business revenue recognition involves complex information technology systems,complex business processes,large number of customers,and wide distribution areas,which make the game company's revenue audit become an important and difficult step of the audit.This paper focuses on the key audit matters in the disclosed audit report.In order to strengthen the audit of game revenue and reduce the audit risk of certified public accountants.This paper focuses on the key audit matters in the disclosed audit report,and through statistics and analysis of the audit reports disclosed by 24 A-share game listed companies.We discovered that CPAs recognized revenue as a key audit matter.Then,through the statistical analysis of the reasons why the CPA confirmed the income as the key audit matter and how the CPA responded,the statistical analysis was carried out.In the study,it was found that the key audit matters disclosed enable users of financial statements to obtain more information,and understand the reasons why CPAs recognize revenue as a key auditing matter and the corresponding auditing countermeasures.However,in the disclosed audit report,the CPA has the reasons for the lack of sufficient reasons for the recognition of revenue as a key audit matter,for a single reason.At the same time,it is found that most of the auditing strategies of CPAs are sufficient to deal with audit risks,but there are still problems such as insufficient information,imperfect countermeasures and serious homogenization.The CPA exposes to greater audit risk.Once the company has problems such as false disclosures and false statements,the CPA and the accounting firm in which it is located may face greater audit risks and may even face legal problems.Finally,taking the Z listed company as a case,combined with relevant data and data,it analyzes in detail the reasons and countermeasures of CPA's recognition of revenue as a key audit matter.It also pointed out in detail the reasons for the CPA's disclosure of revenue recognition as a key audit item,as well as the reasons for inadequate reasons and the lack of audit countermeasures,and put forward corresponding suggestions.The innovation of this paper is to explore the reasons for the lack of disclosure and the audit procedures of the CPA's income audit in the game company from the key points of the audit after the implementation of the new auditing standards,and propose countermeasures.In addition,by analyzing the key auditing matters of the game company,it has made up for the shortcomings of research in the same industry after implementing key auditing matters in China,enriched the research in related fields,provided the basis for the subsequent improvement of the standards,and disclosed the key audit for CPAs.The paragraph provides reference and recommendations.