Research On Audit Risk Of Three Board Listed Companies In Environmental Protection Enterprises

Recently,with the economy is developing rapidly in China,so many companies would chase economic benefits rather than protect our environment,which results in the increase of environment pollution problems.The enterprises that devote to protect environment are able to provide their technical support,which can reduce the pollution as much as possible during the process of country development and ensure our development to keep balance.Although China has paid more attention to the environment problems and increased financial support,but most of Chinese environmental companies faced too many difficulties,such as tiny scales,lack of funds and so on.These problems stop the step of development.In view of the difficulties faced by many small and medium-sized enterprises,the National SME stock transfer system has been created by our country in 2012,which provides a platform for non-public listed Limited by Share Ltd to transfer shares,financing and mergers and acquisitions,marking the emergence of the "new third board" market.The emergence of the new three board market system developed the financing channels of small and medium-sized environmental protection enterprises very well,on the other hand,it also can help them get rid of the financing difficulties gradually.However,the short time that the new third board market established and the low-level requirement for small and medium-sized enterprises,which resulting in uneven scale and quality of listed companies.Some of enterprises with small scales,imperfect internal control system and incomplete information disclosure can be listed on the new third board,which increases the risk level of the new third board.In addition,because the imperfect laws and regulations about the new third board market in China,there are problems of supervision,thus,there are a variety of risks the new three board needs to be faced,especially the audit risk,which effects the development of China's securities market.Based on the importance of environmental protection companies,this paper is going to study how to control the audit risk of the new three board and make a deeper research.This article adopts the literature method,data statistics method and case study,taking audit of Y company by Z accounting firm as a case,the research ideas are as follows: The first part of the introduction of the paper,the main content covered during the period is about the research background,significance,research methods,research content and the author's research status at home and abroad through reviewing the data;followed by some relevant theoretical knowledge of this article.mainly elaborates the connotation,the audit risk model and the related concepts of environmental protection enterprises listed three new board audit,so as to lay a theoretical foundation for the writing of the paper;the third part is the analysis of audit risk of Y listed companies,this paper introduces the general situation of enterprise,and then identify and evaluate the audit risk;the fourth part is the control strategy of the new board of environmental protection enterprises listed on the audit risk,mainly from the increase of significant error risk coping and the strengthening of the two aspects of the audit inspection enterprises were analyzed;the last part is the summary of this research,At the same time,the author also pointed out some defects and future research directions in this article.