Study On Audit Countermeasures Of Income Fraud In Z Company

The development of China's capital market has only gone through the process of more than 20 years.However,with the increasingly complex market environment and increasing competitive pressure,more and more financial frauds appear in the market,so as to meet the needs of various public or private interests.According to the data,the number of enterprises subject to administrative punishment due to financial fraud in 2018 is 233.33%of that in 2013.This paper takes a supply chain trade business as a case study,and then based on the research of many scholars in the past,points out what kind of thinking this paper hopes to continue to explore on the basis of predecessors,and finally points out the highlights of this paper and the shortcomings of how to continue to work in the future.Then combined with the case itself,this paper discusses the motivation of income fraud in this case,analyzes the means of fraud,and finally puts forward detailed and practical audit countermeasures.In this case,due to the huge income index pressure of the parent company of the central enterprise,and the market competitiveness of the traditional main business is declining year by year.In order to meet the requirements of income indicators,the company in this case has become a new business layout developed by the parent company,but the business development in the market is too radical.The common means of income fraud is to use the upstream and downstream related party relationships to carry out three-party transactions to falsely increase income.Although the business is real,the company in this case,as a middle party,can deduct input tax because it can deduct input tax.In a comprehensive view,there is little tax At the cost of gold,Z company even increased its income by selling at a discount.In addition,in this case,the company increased its income by selling on credit and returning after delivery at the end of the year.These operation means are relatively hidden,which brings greater audit risk to subsequent audit.Based on the above,in the formulation and summary of relevant audit countermeasures,this paper believes that:audit countermeasures should be detailed and specific,strong operability,and the results are obviously effective.From the three aspects of related party transactions,accounts receivable and sales period,especially for related party transactions,the author provides a variety of detailed verification methods,advocates obtaining direct evidence and conducting field visits.As a member of China's virtual income increasing enterprises,this case study helps more auditors strengthen their audit awareness,improve their business level,standardize the financial operation of enterprises,and make a small contribution to the suppression of financial fraud in China.