Case Study Of Digital China's Merger And Reorganization Audit Fails Based On Financial Perspective

At present,China's traditional enterprises are all facing the problem of overcapacity in the industry.Under the background of supply-side reform,it is particularly urgent for these traditional enterprises to carry out industrial transformation and upgrading.There are more and more cases of listed companies in traditional industries transforming through mergers and acquisitions.At the same time,with the continuous improvement and optimization of the audit and supervision policies of the CSRC,the article focuses on the key points of the audit and financial perspective of listed companies that fail to pass the merger and reorganization audit.Through the research and analysis of specific cases,the article has a clearer understanding of a series of merger and acquisition review processes of listed companies to be merged and reorganized,and guides listed companies in China how to carry out merger and reorganization in a standardized way under the existing regulatory policies,while promoting the company's value,taking into account the interests of investors including small and medium-sized investors.This article first through the statistical analysis method,collates the statistics in recent years the merger and acquisition reorganization not to pass the case data,induces the analysis not to pass the reason,according to the statistical data,we find the key points of concern and reform trend when the cases in recent years.The article takes the listed companies that failed the merger and reorganization as the research object.In terms of research methods,the article uses descriptive statistical analysis and case analysis to study the key points that failed the merger and reorganization examination of listed companies,thus summarizing some financial perspective points that listed companies need to focus on in the merger and reorganization examination,such as continuous profitability,related party transactions,internal operation standards,disclosed information,financial accounting and other issues.In this paper,Digital China Limited is taken as a case to analyze the key points of failing the review of mergers and acquisitions,summarize the experiences and lessons of failing the review of mergers and acquisitions,discuss the enlightenment of failing the review of mergers and acquisitions to other companies to be merged,and put forward some countermeasures and suggestions to optimize the plan of mergers and acquisitions based on the analysis of the key points of failing the review of mergers and acquisitions of listed companies.The research in this paper will improve the analysis system of the reasons for the failure of mergers and acquisitions from the perspective of the failure of passive audit.Under the trend of audit reform,it will provide some valuable reference suggestions for listed companies to carry out cross-border mergers and acquisitions,standardize and perfect merger and acquisition plans and successfully complete mergers and acquisitions.It will provide help for improving the success rate of mergers and acquisitions of other listed companies and effectively improving the operating status and profitability of listed companies through restructuring.