| During the "14th Five-Year Plan" period,centering on the theme of promoting the high-quality development of the cultural industry,it is proposed to vigorously develop cultural undertakings and cultural industries,which is an important strategic opportunity period for the development of my country’s cultural media industry.In order to protect the investment environment and improve the quality of accounting information disclosure,the China Securities Regulatory Commission issued the "Accounting Regulatory Risk Warning" in November of the same year.No.8-Impairment of Goodwill",it is clearly stated that the goodwill impairment test must be carried out every year for the consolidated goodwill,and the auditor needs to properly define the risk of material misstatement of goodwill impairment.The promulgation of relevant policies makes accounting firms must face up to the audit risk in the process of goodwill impairment audit.The cultural media industry is one of the important pillars of my country’s economic development,and the impairment of goodwill is one of the high-risk areas of auditing.The audit risk brought by reputation impairment has certain theoretical and practical significance.Based on this background,this thesis integrates literature basis and theoretical knowledge,takes goodwill impairment as an entry point,and analyzes its mechanism of action on audit risk.An empirical analysis of the impact of reputation impairment on audit risk.The empirical results of this thesis show that: the scale of goodwill is significantly positively correlated with audit risk,and the audit risk of listed companies with higher goodwill assets is higher;the impairment of goodwill is significantly positively correlated with audit risk,and the audit risk of listed companies with impairment of goodwill is accrued.higher;the impairment probability is significantly positively correlated with audit risk,indicating that when there are signs of impairment,listed companies with higher goodwill impairment probability have higher audit risk.Then,it further analyzes the impact of goodwill impairment on audit risk from three aspects: the nature of property rights,whether there is a gambling agreement,and the size of accounting firms.Robustness tests were performed by means of substitution variable measurements,and the reliability of the empirical conclusions was verified.Finally,from the perspective of supervision,auditors and audited units,countermeasures and suggestions for preventing audit risks are proposed,so that the audit risk of goodwill impairment is reduced to a certain extent,and the quality of goodwill impairment audit is improved.This thesis enriches the research on audit risk by taking the cultural media industry of listed companies as a sample to study the impact of goodwill impairment on audit risk.However,there are still some deficiencies in this thesis.In the data selection,only the samples of the three years before and after 2018 were selected,and the gambling agreement in the merger.In addition,there was no in-depth study of VAM agreements in the M&A process. |
