Research On Audit Risk Of IPO Performance Change Of Borui Data Company

Due to the low IPOthreshold,loose conditions and easy realization of multiple indicators,the Science and Technology Innovation Board market has been favored by many high-tech SMEs since its launch.These enterprises generally have great development potential.They hope to improve their corporate image and obtain more development funds by landing in the Science and Technology Innovation Board market.However,since the opening of China’s science and technology innovation market,it has begun to appear that after the successful listing of enterprises,their performance has suddenly changed dramatically,and a number of financial indicators have declined significantly,which not only harmed the interests of small and medium-sized investors in China,but also played a huge negative role in the stable and orderly benign development of China’s capital market.This thesis selects Borui Data as the research object to conduct a case study on the performance deterioration that occurred in the year after the successful IPO of the Science and Technology Innovation Board market,hoping to effectively reduce the performance deterioration after the successful IPO,so that accounting firms can fully play the role of "gatekeeper" in the IPO process,and further improve the audit quality.This thesis first uses the literature induction method to sort out and summarize the domestic and foreign research situation around the IPO performance change;Then,combined with relevant theories,it introduces the situation and consequences of the performance deterioration of Borui Data;Next,fully identify the audit risks faced by Borui Data in the IPO process,and classify them from two aspects: major misstatement risk and inspection risk;Then,based on the full identification of audit risk,an audit risk evaluation index system is established,and the AHP fuzzy comprehensive evaluation model is used to determine the index weight and quantitative evaluation of each risk point;Finally,based on the quantitative evaluation results,the causes of audit risks of Borui Data are analyzed in detail,and corresponding preventive measures are proposed according to the assessed risk points.Through research,this thesis finds that the use of AHP and fuzzy comprehensive evaluation can effectively evaluate the risk points faced by the auditee,and the accuracy of risk assessment can be effectively improved through quantitative evaluation results.As the audit risk of the auditee is affected by both major misstatement risk and inspection risk,in order to effectively prevent the frequent occurrence of IPO performance deterioration,in response to major misstatement,accounting firms should fully understand the characteristics of the auditee’s industry,more carefully select customers,and increase corresponding audit procedures for R&D expenses,accounts receivable,etc;In response to inspection risks,accounting firms should avoid reducing audit quality in order to seize customers’ low price competition,increase the appointment of professionals who have a better understanding of the auditee’s industry knowledge in the audit work,and establish a more effective IPO audit quality review system to jointly improve the audit quality of accounting firms.