| The problem of related party transactions accompanies the development of China's stockmarket. It has natural relationship with the emerging China capital market and the enterprisesreform. A lot of unfair related party transactions distort the resource allocation function of thecapital market and mislead the investors and causes higher audit risk. Day by day, To controland manage audit risk has become the key point of the audit work.Therefore, the research onthe audit risk of related transaction has become the media attention.At present, our country has some preliminary research on the audit risk of ralatedtransaction, but because of the difficulty in collecting data and the complexity of thetransaction itself, the academic research is at qualitative and standard stage. The quantificateanalysis of risk factors and accurately assessing of risk level is the premis for that effectiveaudit procedure is executed to reduce the audit risk. This paper first analyses related transactionform, transaction motive and transaction characteristic, disclosed origins of audit risk, andmade the major analysis on the influence factors of andit risk. Next, I utilized the fuzzytechnical on identificating and assessing risk factor by the quantificate analysis method. Finally,this article proposed the counter measure for reducing the audit risk of related transactionsfrom two aspects.Results in this paper imply that relaying of audit risk of related transactions, first beginwith identifating and assessing risk factors accurately, then mading science and reasonableaudit plan; at the same time, solving the problem of related party transactions should improvethe company governance structure, make the listed company totally independent, not just theappendant to other firms or departments; and information disclosure should be emphasized. |
