| With the development of high-quality socialist market economy in China,the connection between listed companies is getting closer,and the transactions between related parties are becoming more and more frequent.Due to the complex nature of the related party transaction process and the hidden relationship,the means and methods adopted by the listed companies are becoming more and more diversified when covering up the related party relationship and its transactions.In terms of illegal related party transactions,this illegal behavior infringes on the rights and interests of investors;on the one hand,it also brings high audit risk to the audit work.Home appliance manufacturing industry plays a key role in China’s market economy and provides strong support for improving the living standard of the national economy.However,the current policy direction and industry capital pressure of the home appliance manufacturing industry are not optimistic.Certified public accountants are also faced with greater audit risks of related party transactions when auditing the home appliance manufacturing enterprises.Therefore,the related party transactions of household appliance enterprises as the focus of the article to carry out in-depth research,and deeply discuss the audit risks from the perspective of certified public accountants.Based on the research results at home and abroad in this paper,the method of research literature and individual case are used to deeply explore the audit risks of connected group trade of public corporations in the home appliance manufacturing industry.Because C home appliance company is a listed company,representative and complex related party transactions,so this paper will C company as a case study object,on the basis of its business status and financial statements information,the CPA in the process of auditing possible risks,and the home appliance manufacturing listed company related party transaction audit risk prevention measures are put forward.Based on this paper studies,this dissertation reached the following three conclusions:(1)by way of the research and analysis of the entirety situation of connected group trade of listed company in household appliance industry,it reminds the audit practitioners and accounting firms should maintain high vigilance when auditing the related party transactions of listed home appliance listed enterprises.(2)According to the idea of identifying,evaluating and responding to the audit risks of related party transactions in the audit standards,the reasons of the audit risks of related-party transactions in C Company are comprehensively analyzed;(3)C company as a representative of the home appliance industry,the related party transaction audit risk is common in the industry,therefore,in view of the home appliance related party transactions of listed companies audit risk,puts forward a series of feasible preventive measures,it covers:focus on home appliance industry high capital risk,assessment enterprise internal control,identify the parties involved and their trade that are deliberately covered up,and design practical audit methods,sound the related party transaction audit quality control system and improve the auditors’ professional ability and professional quality,etc. |
