Research On Audit Risk And Countermeasures Of Financial Statements In Real Estate Enterprises

The real estate industry is the pillar industry of China's economy.From the perspective of recent years,the state has further strengthened the regulation of the real estate market through various measures such as land,finance,and taxation to stabilize the market and promote economic growth.China has continuously accelerated the pace of urbanization and provided conditions for the development and demand of the real estate industry.Real estate enterprises are the mainstay of the real estate industry,and all sectors of society pay more attention to the audit risks of real estate enterprises.Based on the research of seniors,the article uses risk-oriented auditing model to further study the audit risk of real estate enterprises.The audit risk formula is material misstatement risk x check risk.Therefore,the article focuses on two risks in the formula,identifies and assesses the risk of auditing,explores the causes of the risks,and then summarizes the ways to deal with the risks,hoping to control and avoid risks.Real and accurate reflection of the financial information of real estate enterprises is conducive to the healthy development of enterprises,and at the same time helps investors make the right choices.The article takes X accounting firm's audit of C company as an example,analyzes the problems existing in the audit process,identifies and evaluates the audit risk,and focuses on the confirmation of real estate enterprise income,cost measurement,cost verification,tax calculation,etc.Measures such as audit procedures,control tests,and substantive tests address possible audit risks.For example,check whether the confirmation of income is accurate;check whether the cost and expense collection is true;check whether the capitalization of borrowing costs meets the requirements;check whether the provision of inventory price decline is appropriate;check whether the measurement of investment real estate is accurate;focus on related party relationships and transactions;check the accuracy of land value-added tax Check if major capital transactions are in compliance.At the same time,the audit sampling is correctly selected,and the analysis procedure is used for the whole process of auditing;the effective guidance and communication of the audit team personnel is strengthened;and the auditor's practice level and professional ethics are improved.After the research of the article,I hope to provide reference for improving the auditing method,standardizing the auditing process,and improving the quality of the external auditing report,and promoting the healthy and stable development of the social economy.