Research On Major Misstatement Risk And Countermeasures Of IPO Project Of Y Company

In recent years,IPO financial fraud of Chinese listed companies has occurred frequently,and the means of fraud and fraud have become increasingly hidden and complex.The IPO audit risk of accounting firms is very high,so it is urgent to use modern risk-oriented audit methods to improve audit efficiency and prevent and control audit risk.Modern risk oriented audit takes the identification and evaluation of major misstatement risk as the core,focuses on enterprise risk system analysis and enterprise risk strategy analysis,and designs further audit procedures according to the results of major misstatement risk identification and evaluation.The allocation of audit resources,the design of procedures and the specific implementation are all based on the evaluation results of the risk of material misstatement.Therefore,it is very important to accurately evaluate the level of the risk of material misstatement.This paper takes t accounting firm’s IPO audit project of Y company as the research object.Firstly,it analyzes the risk level evaluation process,existing problems and hidden dangers of T accounting firm’s IPO audit project,and puts forward the necessity and improvement ideas to improve the risk evaluation process of material misstatement.Then,identify the risk of material misstatement from the aspects of external environmental risk,company management risk,financial risk,internal control risk and fraud risk.Then,based on the identified risk as the risk evaluation index,the AHP fuzzy comprehensive evaluation method is introduced to design the evaluation system in line with Y company to comprehensively evaluate the risk of major misstatement.Finally,it puts forward risk countermeasures to control the audit risk of Y company’s IPO project at an acceptable level.