Research On Risk Identification,Evaluation And Prevention And Control Of Goodwill Audit

M&A is an eternal hot topic.2015 is the peak year for M&A and reorganization of enterprises in China.The performance commitment period in the bet agreements signed by enterprises in merger and acquisition is generally 3 to 4 years.In November 2018,China securities regulatory commission issued the "accounting supervision risk reminder no.8--goodwill impairment" to strictly regulate the impairment of goodwill.Clearly requires the enterprise to conduct goodwill impairment test regularly or timely,at least annually at the end of the impairment test.In January 2019,experts from the accounting standards board of the ministry of finance proposed that the provision of goodwill be changed from impairment to amortization year by year.This "policy expectation" led many companies to concentrate the provision of goodwill impairment in their 2018 performance.Because of the special nature of goodwill audit,certified public accountants are faced with greater audit risks when auditing goodwill projects.Therefore,when auditing goodwill,what procedures and methods should cpas adopt to identify and evaluate the material misstatement risks related to goodwill,and how to design appropriate audit programs to reduce the inspection risks and prevent and control the audit risks are the focus of this paper.Taking Zeus Entertainment Corporation limited company as the research object,from the perspective of certified public accountants,based on the audit risk model,using the risk assessment process for the zeus entertainment corporation,the environment and the internal control to understand,identify the company's financial statements of material misstatement risk and the level of risk of material misstatement.The AHP-fuzzy comprehensive evaluation method was used to establish the risk evaluation index system to evaluate the material misstatement risk associated with the entertainment of gods and goodwill.According to the evaluation results,the audit risk prevention and control program was designed,risk prevention measures were proposed from the four stages of auditing business undertaken by accounting firms,risk Suggestions were incorporated into the goodwill audit procedures,the audit risks faced by accounting firms were controlled at a lower level,and the risk of goodwill audit was controlled from multiple perspectives.