Research On Audit Risk Based On Strategic Risk Analysis

After the implementation of the new version of the Securities Law,the main responsibilities of intermediaries will be further strengthened,and the government supervision departments will gradually improve the supervision and management of the daily work of intermediary institutions,and for accounting firms and certified public accountants,the risks faced in their daily work will be significantly improved.However,in China’s capital market,financial fraud incidents in companies such as Kangmei Pharmaceutical,Green Land and Yin Guangxia have brought huge losses to investors.It can be seen that the occurrence of audit risks and the increase in their probability of occurrence will certainly lead to a certain threat to the rights and interests of all stakeholders,so it is not easy to equate the control of audit risks with the improvement of audit service quality.Most of the existing research is based on the corresponding research and discussion from the perspective of the auditor,and the solutions to the problems proposed on this basis are actually mostly from the perspective of certified public accountants.Modern risk-oriented auditing theory points out that the inspection risk and the risk of major misstatement are the two main audit risks,and the certified public accountant strengthens the inspection and control of various work when conducting audit work,and by improving the supervision and review,the inspection risk can be effectively reduced,and the risk of major misstatement is mainly derived from the business links and business strategies of the enterprise,which is affected by a variety of factors.In the process of risk generation and transmission,a variety of factors work together to lead to the formation of a significant misstatement risk.Therefore,the relevant influencing factors of enterprise audit risk transmission are studied,and the specific transmission path is determined,which can provide certain help to the follow-up relevant staff to control the audit risk.Therefore,this time in the research to learn from the modern risk-oriented audit theory,the application of relevant tools and models,for the development of the strategic risks faced in the process of enterprise development to identify and evaluate,the strategic risk development into a major misstatement risk mechanism and specific transmission path analysis,in the research to Furen Pharmaceutical as a practical research case,based on the company’s business strategy,through pest analysis model,Swot analysis method and Porter five force model,the company is located in the macro environment,internal environment,And the industry environment analysis,the application of canvas analysis method to analyze the business model,and finally with the fishbone diagram analysis for strategic risk of comprehensive research,based on the above analysis results,for the company’s material misstatement risk and strategic risk of the relationship,targeted research,the conversion of the two direct and indirect paths analysis,based on the study to draw the corresponding conclusions,in the daily audit work the reason for facing audit risks,mainly due to the existence of business risks and strategic risks in the process of enterprise development and operation,Moreover,when it is generated and transmitted,it will be subject to the combined effect of many factors,so in order to effectively reduce audit risks,firms and certified public accountants must improve the control of inspection risks and strengthen the rigor of daily work while identifying strategic risks and operational risks.In addition,due to the variety of influencing factors of audit risks,it is necessary to build a multi-faceted and comprehensive system engineering when carrying out corresponding control and management work.In this research,we innovatively explored the audit risk transmission channel from the perspective of strategic risk,which not only brought a new idea to the case study of the audit risk transmission mechanism;Moreover,it also provides a systematic solution to the control of subsequent actual audit risks.