Research On Audit Risk Of Household Industry Under Business Ecosystem

Along with the development of the Internet,big data,artificial intelligence,enterprise competition into the competition between the 3.0 times the ecological system,to cope with the more fierce competition,the traditional manufacturing enterprises relying on Internet technology,accelerate the transformation and upgrading of industries,and gradually abandoned the traditional business model,and positive for cross-border integration,horizontal expansion,longitudinal deepening,build your own business ecosystem.Compared with the traditional business model,enterprises in the business ecosystem can share resources and risks.Traditional manufacturing enterprises can obtain resources outside the industrial boundary by building commercial ecosphere,which is convenient to seek new profit growth point and increase the competitiveness of enterprises.Constructing commercial ecosystem is an important strategic choice for modern enterprises.The new "securities law" formally implemented,greatly improve securities violation cost,at the same time also further clarify and strengthen information disclosure requirements,to firm up the case on the "gatekeeper" legal duty of certified public accountants,review of capital market in recent years,enterprise financial fraud and certified public accountants audit failure happened frequently,the credibility of certified public accountants,Therefore,whether for the consideration of legal responsibility or to protect the credibility of auditors,it is urgent to improve the audit quality.Muddy Waters first discovered the existence of financial fraud by analyzing the business model of Luckin Coffee,and reminded the certified public accountants to pay more attention to the development strategy,business model and other factors of the enterprise when assessing audit risks,which is conducive to improving audit quality.Business ecosystem is an emerging concept and an important direction for the development of enterprises in the future.Studying the audit risks of enterprises under the business ecosystem can provide new ideas for certified public accountants to identify and deal with audit risks,optimize audit procedures and improve audit quality.This paper chooses Ewah Lifestyle as the case study object,which takes the lead in transforming and building its own business ecosystem in the household industry.Through the case analysis,it hopes to solve the following questions: compared with the traditional business model,what is the impact of business ecosystem on audit risk?What are the specific aspects of audit risks of Yihua Life under the business ecosystem?How to deal with audit risks under the business ecosystem?At present,studies on audit risk are mainly analyzed from the characteristics of a certain industry,group enterprises,science and technology innovation Edition,GEM,nee Q and other perspectives,but few people study enterprise audit risk from the business ecosystem.Based on modern risk-oriented theory and information asymmetry theory,combined with modern risk-oriented audit model,this paper analyzes the audit risks of Yihua Life under the business ecosystem from the level of financial statements,the level of material misstatement risk identification and the level of inspection risk,and puts forward countermeasures.When an enterprise builds its own business ecosystem through equity participation,merger and acquisition,strategic alliance and other forms,it needs a lot of capital.When the construction pace of an enterprise is too aggressive,it will affect its cash flow,increase its debt repayment pressure and increase its risk of sustainable operation.In order to maintain operation,enterprises need to continuously attract investment and borrow money to obtain sufficient cash flow,which all need stable business performance,so they have the motivation to whitewash statements and other fraudulent behaviors.In addition,with the construction of the ecosystem,the number of related enterprises and their businesses are complex and diverse,forming a more complex interest network and increasing the difficulty of CPA audit.To sum up,the business ecosystem model will increase the audit risk.Life in appropriate China as a case analysis of audit risk under the business ecosystem,helps to identify certified public accountants audit the key under the business ecosystem,to better cope with the new business model of business ecosystem influence on audit risk,improve audit quality,to fully demonstrate the auditor "gatekeeper" role,maintain capital market functions well is important.