Research On The Revenue Audit Of Internet Game Enterprises Based On The New Revenue Standard

The Ministry of Finance issued a new revenue standard in 2017.The new standard has a huge impact on enterprise revenue accounting by introducing the concepts of "five step model","time period revenue" and "contract liability",which has aroused extensive attention of scholars.Through literature review,it is found that few scholars study the impact of the new standards on game income audit from the perspective of accounting firms,and the change of income standards also requires auditors to adjust the income audit procedures in time,so as to reduce the audit risk as much as possible.Therefore,this paper selects Internet game companies with high incidence of income fraud,combs the income audit procedures of accounting firms under the new standards,analyzes the problems and puts forward targeted suggestions.This paper uses the literature research method and case study method to study the income audit of game enterprises.First of all,according to the characteristics of the industry to confirm the focus of enterprise income accounting,a comprehensive analysis of the risk assessment and response procedures of major misstatement of game income.Secondly,it analyzes the risk assessment and response procedures of X firm on the possibility of income fraud,the reliability of information system and the appropriateness of income accounting of company A.It is found that the main problems of X firm’s income audit are insufficient response to the risk of material misstatement of accounting estimates,insufficient reliability of audit evidence acquisition and incomplete disclosure of key audit matters,According to the above problems,the causes are summarized.Finally,this paper puts forward suggestions for the above problems: in the risk assessment stage,auditors should reasonably allocate audit resources on the basis of a comprehensive understanding of the business risks of the audited unit,and determine the risk of material misstatement of the audited unit;In the risk response stage,auditors should implement further audit procedures for the assessed risk of material misstatement,enrich audit evidence with modern information technology,use it audit to optimize audit process,and finally improve the information content of audit report by increasing the reason disclosure of key audit matters.This paper creatively proposes to audit the income of Internet game enterprises in combination with modern information technology,and takes the income accounting of enterprises under the new income standard as the starting point to analyze the risk assessment and response of major misstatement of income of game enterprises,find out the problems and put forward suggestions for different stages of audit,In order to provide a useful reference for the income audit theory and practice of Internet game enterprises under the new income standard..