Study On Audit Risk Of Related Party Transactions Of T Firm

The communist party of China(CPC)has made a major judgement that China's economic development has grown from a high-speed stage to a stage of high-quality development,and clearly stated that building a modern economic system is an urgent requirement to cross the border and a strategic goal for China's development.The high-quality development of the economy is accompanied by the simultaneous improvement of the quality of accounting information.At the same time as the high-quality development of the economy,the size of the company has continued to expand with the economic development,and related party transactions have increased,and the amount has also increased.This has brought benefits to the company,and also provided companies with illegitimate benefits from related party transactions.This opportunity not only increases the difficulty of the audit of the accounting firm,but also increases the audit risk of the firm.This paper draws on the research results of audit risks,related parties and transactions,and audit risk management at home and abroad.In order to effectively prevent and control the audit risks of related party transactions of T Certified Public Accountants,this paper conducts research on the related parties and transaction audit risks of T Certified Public Accountants.Starting from the audit status of related parties of T accounting firm and its transactions,I learned that the audit client relationship of T firm is complex,the related party transaction volume is large and the types are many,but T firm is conducting audit risk assessment on its related transactions.At present,it is too rough and subjective.Based on the analysis of the sources of audit risks of related party transactions,combined with the specific audit cases of T accounting firms,the fuzzy analytic hierarchy process and fuzzy comprehensive evaluation method were used to quantify the audit risks of related party transactions of T accounting firms.Based on the quantified research results,T accounting firms provide optimization countermeasures and suggestions on the audit risks of related party transactions.