| Looking back on the cases of fraud audits in the domestic and foreign capital markets,we can clearly find that agricultural companies are usually more prone to errors than other companies because of the particularity of their commodities.As early as 2016,the Chinese Institute of Certified Public Accountants has started to pay attention to the audit risk issues of these enterprises and communicated with various firms,suggesting that it is necessary to focus on the risks that may exist in the audit work of agricultural enterprises.With the gradual increase in material demand,the market demand for livestock and poultry is also very large,so animal husbandry is one of the important industries to meet social needs.The animal husbandry industry mainly produces and sells livestock and poultry,so the proportion of biological assets in total assets is a key audit project.With the gradual development of the economy,the scale of production and operation of animal husbandry is gradually expanding,and the number is also increasing.The public's requirements for the timeliness and accuracy of accounting information disclosed by enterprises are also gradually increasing.However,due to its particularity,the indicators related to biological assets have not been required to be disclosed,which has prevented many companies from disclosing detailed data and information.Therefore,it is difficult for stakeholders to optimize decisions based on this.At present,there are some researches on the audit of agricultural enterprises in academia,but the vast majority of them regard agricultural enterprises as a whole to conduct research,or just explore the cases of fisheries and plantation,etc.,and do not focus on the livestock industry.Ignore its difficulties and risks.Compared with other categories,animal husbandry inventory work is easier,and the number and status can be confirmed on the spot,but the birth rate,mortality rate and conversion rate are likely to have potential risks.Inventory occupies an important position in the company's total assets,and the balance accounts for a high proportion,which is also the source of the company's profit and development.Inventory is a key issue in the audit work.The relevant standards have been continuously improved and improved with the deepening of research.The exploration of the academic and practical aspects of inventory audit has never stopped.The stock of animal husbandry is mainly composed of biological assets.The particularity of biological assets makes the inventory audit difficult,high-risk,and has particularity and complexity.Therefore,biological assets are an extremely critical item in the agricultural audit work,and animal husbandry is different from other agricultural companies.Its biological assets are mainly provided by humans for the production of nutrients.That is,the direct raw materials needed for the growth and development of biological assets are completely supplied by the company,while the nutrients of biological assets of other types of enterprises are not completely supplied by labor.This provides a new way of thinking for the audit work.The cost value of materials and the conversion ability of biological assets can be used to estimate the cost of biological assets,evaluate the value of the company,and judge whether the company's profit is reasonable.This article mainly uses literature research method,theoretical research method,case analysis method and other methods.Based on the research of domestic and foreign relevant literatures,this paper analyzes and summarizes the literature from the aspects of biological asset audit risk types,identification and prevention.This article first elaborates the audit process of biological assets,the influencing factors of audit risks and relevant theoretical foundations,and then discusses the risks that may arise in the course of work and the factors that may affect their high and low levels,emphasizing the importance of regulating related procedures.At the same time,taking the JSML project as a case object,analyzing the JSML company and industry background,combining with specific work processes,collecting and collating data,measuring relevant professional indicators,synthesizing the final audit conclusions and results of the JSML project,and elaborating the possible risks of the current project and its causes,and put forward relevant control methods and suggestions accordingly.The audit of biological assets has always been a worldwide problem.There are still many unclear points in the theoretical exploration.The financial reports disclosed by companies also lack the disclosure of relevant information.There are still many in the actual work plan and implementation process difficulties and doubts make the risk may increase further.However,in the early stage of document preparation,due to the lack of literature related to biological asset audits,the difficulty of collection was increased,especially the number of journal materials related to hog farming.Therefore,on the basis of previous studies,this paper bases on actual enterprise case studies,refines the characteristics of pig farming and the difficulties of auditing,combined with the possible audit risks in the analysis of the specificity of pig farming,is fundamental to the existence of risks.The reasons are analyzed in detail,and corresponding control measures are proposed to fill the gaps in the academic field of biological asset audit,promote the improvement and improvement of the theoretical framework,and provide theoretical guidance for the audit work of the hog breeding project later.In view of the possible risks in the JSML biological asset audit project,this article proposes the following prevention and response suggestions from the aspects of inherent,control and inspection risks: the project team should pay attention to the cost carry-over,quantity determination and ownership definition of biological assets,and summarize the practice The experience and data in the work fully pay attention to the inherent risks;the company should strengthen internal and external governance supervision,establish and gradually improve the internal control system to achieve the goal of reducing control risks;the firm should strengthen risk control and internal control work and strengthen the pre-project acceptance investigate and identify risks in various projects,design work plans and key nodes in advance,and provide targeted training to project team members;during the course of audit work,project team members should consider project facts and characteristics,with the help of experts,plan ahead with scientific and appropriate procedures and methods to reduce inspection risks.This provides new ideas and ideas for the implementation of the audit project of livestock enterprises,and promotes the disclosure of specific indicators such as the value of biological assets,mortality,conversion rate,etc.which can appropriately reduce the problem of information asymmetry in the livestock industry,and is more conducive to Rationalize the allocation of resources in the market. |
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