A Study On IPO Audit Risk And Countermeasures Of Science And Innovation Board

On November 5,2018,SSE STAR Market board was established in Shanghai Stock Exchange and tried out the registration system.After three years of development,this sector has a large number of successful listed enterprises.As a new sector established according to China’s specific national conditions,SSE STAR Market board has attracted a large number of high-tech enterprises in the period of rapid development to apply for registration and listing,providing such enterprises with a relatively easy platform for financing.Compared with other sectors,SSE STAR Market board has obvious differences in system rules,power allocation and company positioning.Therefore,it is of great significance to focus on the analysis and research of IPO audit risk of SSE STAR Market board.And in the context of the first trial of the registration system,the audit institutions explore some targeted measures to effectively control the IPO audit risk of SSE STAR Market board,so as to fully guarantee its audit quality,so as to ensure the authenticity and reliability of the audit report provided to the majority of stakeholders,which is also very important for the high-speed and high-quality development of the capital market of the SSE STAR Market board.This paper combs the relevant literature on audit risk at home and abroad and IPO audit risk of each sector in detail,takes four relevant basic theories such as modern risk-oriented audit model as the research cornerstone and analysis ideas,and explores the current situation and particularity of IPO audit risk of SSE STAR Market board after a detailed analysis and summary of the listing conditions and enterprise characteristics of SSE STAR Market board This paper analyzes the causes of audit risk from the perspective of accounting firms and the institutional rules of SSE STAR Market board.Then it selects KP company as a representative case,makes a detailed analysis and research from the two aspects of major misstatement risk and inspection risk faced by the enterprise in the IPO process,and then puts forward the areas that B accounting firm should improve in the face of these risks.Finally,based on the above overall research and representative analysis,this paper puts forward specific countermeasures for the risk of material misstatement,inspection risk and external environment from the perspective of accounting firms.The purpose of this paper is to provide some ideas on how to reduce the IPO audit risk of SSE STAR Market board and how to improve its audit quality,so as to promote the high-speed and high-quality development of SSE STAR Market board.