Research On Audit Risk Identification And Coping Strategies Of Eco-chain Enterprises

In the context of the Internet of Everything,the strategic of enterprises gradually breaks the boundaries of themselves,and shifts to creating business ecosystems to achieve resource exchange,complementary innovation,and establish stable value networks to enhance the company’s competitive advantage,so as to better meet the diversified needs of the market and customers under the background of Internet.For some start-ups or SMEs,joining the business ecosystem can reduce costs,obtain key resources,and improve their competitiveness.However,due to the different development strategies and internal and external environment in the ecological chain model,eco-chain enterprises have their unique characteristics,which subsequently bring about risk points that distinguish them from other enterprises and deserve the attention of auditors.At present,the trend of business ecology is rising,but the research on the audit risk of eco-chain enterprises is relatively deficient,so this paper studies the audit risk of eco-chain enterprises based on the characteristics and business model of eco-chain enterprises,and put forward coping strategies.Based on ecological niche theory,resource dependence theory,relationship marketing theory and modern risk-oriented audit theory,this paper selects Roborock,a representative Xiaomi eco-chain enterprise,as a case study to analyze the audit risks and coping strategies of eco-chain member enterprises.In terms of financial statements level risks,contingent hindrances from core companies,early inexperience and internal and external competition in the eco-chain may bring strategic risks to the eco-chain enterprises;The equity relationship of core companies,the adjustment of the business model,the "mutual promotion" before listing and the operation contradiction of its own brand increase the operational risks of eco-chain enterprises.In addition,core companies’ shareholders frequently reduce their holdings of eco-chain enterprises to cash out,which will significantly affect the overall risk of the company.Changes in directors,supervisors,and core technical personnel,data sharing and the prominence of digitalization trends have increased internal control risks.In terms of identification level risks,the sustainability of cooperation with core companies increases the risk of revenue identification;Changes in period expenses and R&D expenses increase the risk of cost recognition;There is also a risk of identifying related party transactions.In terms of inspection risks,the mutual sharing of ecological chain information makes the data more complex,and the diversity of sales models also increases the difficulty of inspection.To address the above audit risks,this paper establishes a response framework from the audit planning stage,risk assessment stage and risk response stage according to the audit process,and proposes specific audit risk coping strategies for Roborock.