Research On Identification,Evaluation And Response Of Material Misstatement Risk Of Marine Transportation Enterprises

With the development of economic globalization,international trade occupies an increasing proportion.Among the modes of transportation in international trade,ocean transportation occupies about 86% of the total trade volume due to its characteristics of large volume and low cost.As the epidemic has continued in recent years,ensuring the stability of international trade and economic development has become a top priority.As a shipping power,China has provided good service for global customers.Global maritime trade began to develop steadily from the 1980 s,but in the middle of the year,due to the impact of the economic crisis,the development of maritime transport industry adapted to the world economic situation,and gradually picked up in 2017.Affected by the long-term downturn of the world shipping market,a large number of shipping enterprises have gone bankrupt,the integration and reorganization of enterprises have become the trend,and the shipping alliance has changed.At the same time,with the development of Internet technology,the development of transportation industry is bound to be intelligent.At the same time,we should also pay attention to the auditing of the industry.According to the operation characteristics and its own industry characteristics of Marine transport,this article from sailing income,vessel impairment,related party transactions,accounts receivable and so on to analyze its possible material misstatement risk,and analyzes the reasons and measures should be taken for certified public accountants,the hope can provide ideas for Marine transportation industry audit,finish the audit work better.This paper takes the audit of COSCO by Shinewing Accounting Firm as an example and analyzes how Shinewing identifies,evaluates and deals with the major misstatement risks of COSCO in the above aspects based on modern risk-oriented audit.By learning some auditing methods in this case,we can provide some reference for other enterprises and firms in this industry to audit this type of enterprises,and make better optimization.