Research On Revenue Audit Risk Prevention Of Online Game Enterprises

Driven by the construction of digital economy,the online game industry has also developed rapidly,and the market scale has gradually expanded.At the same time,the audit environment has changed.Compared with traditional enterprises,online game enterprises have the characteristics of fierce market competition,relatively new profit model,and high dependence on information system,which makes it difficult for auditors to effectively identify and deal with the specific revenue audit risks of online game enterprises.In addition,most of our academic researches on online game enterprises focus on the revenue recognition under the new revenue criteria,and there are relatively few studies on revenue from the perspective of audit.In order to improve the audit quality of network game enterprises and enrich the theoretical research related to the income audit risk of network game enterprises,it is of great practical significance to start the research on the identification and prevention of income audit risk based on the characteristics of network game enterprises.This paper takes YZ online game Company,whose main income source is game income,as the case study object,and based on modern risk-oriented audit theory,data-based audit theory and principal-agent theory,studies the identification and prevention of revenue audit risk of YZ online game company.Firstly,it describes the general situation of the online game industry from three aspects:industry characteristics,industry chain and business model,and analyzes the audit status of the online game industry.Secondly,taking YZ online game Company as an example,based on the modern risk audit model,it identifies its revenue audit risks,and makes clear that the material misstatement risks at the financial statement level include external environment risks and internal environment risks.The risk of material misstatement at the identification level includes the risk of virtual revenue recognition time point,the risk of measurement of promotional income,the risk of precipitation revenue recognition,and the risk of enterprise self-top-up.Inspection risks include lack of professional competence of auditors,difficulty in implementing verification procedures,and instability of information systems.At last,the paper puts forward relevant measures to prevent audit risks:on the one hand,it can reduce the risk of material misstatement by understanding the internal and external environment of the audited entity,reasonably evaluating the revenue recognition method based on the business model,implementing the revenue analysis procedure based on the operational data,re-measuring the life cycle and verifying the authenticity of transactions;On the other hand,IT is necessary to reduce the inspection risk by improving the comprehensive quality of auditors,optimizing the verification procedure and strengthening the IT audit’s testing of information system.