| From 2010 to the present,the live e-commerce industry has experienced more than a decade of development and achieved a huge leap.There are now nearly 100 listed live e-commerce companies,and the scale of the live e-commerce industry has grown from RMB 95 billion in 2014 to RMB 348.79 billion in 2022.The rise of the live e-commerce industry has provided impetus to stimulate economic growth,while also bringing challenges to auditing.Audit methods and procedures under the traditional model do not match well with live e-commerce businesses,and audit risks increase as a result,and auditing needs to be improved along the way.Based on a large amount of domestic and international literature,this paper follows the logical route of "basic concepts and theoretical foundations-case study-investigation of causes and countermeasures-case conclusion".Firstly,the theoretical basis and basic concepts of this paper are briefly described;Secondly,the current situation of audit risks in the e-commerce live-streaming industry is outlined,and Company A,which has entered the e-commerce live-streaming industry in recent years,is selected as the research object,and the company’s profile and the audit work of Firm M are introduced,so as to identify the audit risk of Company A.Then,the causes of audit risk of Company A are explored and countermeasures are proposed,taking into account the characteristics of the e-commerce live streaming industry,in order to reduce audit risk and improve audit quality.Finally,the research content is sorted out to draw conclusions and analyse the shortcomings and deficiencies in the research process.Through the case study,this paper draws the following conclusions: First,the e-commerce live industry has a high degree of electronic transaction data,so the security and integrity of audit data should be paid attention to,such as the establishment of firewalls to strengthen the security of information systems,while improving the adaptability of audit software and data processing speed,so as to obtain and quickly analyse the company’s business situation in a timely manner.Secondly,the accounting recognition guidelines on the revenue and cost of live e-commerce business are yet to be improved,and there is room for artificial manipulation in the accounting treatment,and the audit work carried out in the live e-commerce industry is mainly for listed companies,and there is a lack of audit requirements for a large number of non-listed companies,and the audit awareness of the industry is still relatively weak,so we hope that the relevant departments will improve the guidelines as soon as possible and provide institutional protection;Third,the degree of automation of internal control is high,the management effect of traditional internal control has become weaker,and the investigation and supervision of hidden information is somewhat lagging behind,so it is necessary to strengthen the audit of the consistent implementation of internal control and supervision procedures of information systems;Fourth,the e-commerce live industry is a new industry developed in recent years,and the experience of auditors is somewhat insufficient,so it is necessary to strengthen the data processing ability of auditors and their understanding of the e-commerce live business.This paper is based on a relatively new perspective of the e-commerce live-streaming industry,hoping to provide case studies and research literature to supplement the audit risk reduction and audit quality improvement of the industry,as well as to provide some reference value for future e-commerce live-streaming audits. |
