Research On The Audit Risk Of Agricultural Listing Corporation IPO

At this stage, China's capital market is developing rapidly, but the problems are more and more exposed. Listed company internal control is not perfect, financial system deficiencies, intermediaries and the management of mutual collusion, issues such as lack of supervision from the relevant government departments, resulting in IPO fraud case frequently, a serious infringement of the interests of the general public investors, hindered the healthy development of the securities market.As of May 12, 2015, the China Securities Regulatory Commission accepted the IPO application for enterprises 627, not through the review of enterprises reached 589, the proportion reached 93.94%. In 589 through an enterprise, the normal pending 112, termination of the review 477, terminated accounts for the proportion to total Shen ratio 76.07%, terminate the examination proportion quite large. Investigate its reason, the termination of the review of enterprises in the financial, management and other aspects of the problem, to be responsible for the accounting firm IPO audit brought a severe test. In view of the above issues, the Commission issued the relevant documents in 2012, requires the accounting firm to take a variety of measures to troubleshoot the abnormal situation, strictly control the listing checkpoint.According to the Commission publicly available information, since 2012, a total of Pingyang Shandong, Yunnan green land and other 8 companies because of the really accounting the problems in the process of IPO and the Commission has made public punishment. In the eight companies, according to the industry classification, Wanfu graduate, green earth,the new land belong to agricultural companies, agricultural listed companies accounted for the proportion is 37.5%. From the point of view of industry data, since 1995, listed companies in the agricultural market China's A-share IPO fraud company's total 7, accounting for agricultural 16.67% of the total number of listed companies, in all industry categories accounted for the highest proportion. These data indicate that the audit risk of agricultural listing Corporation in our country is increasing.Firstly on China's agricultural companies IPO and IPO audit relevant background and situation, is the general description of on IPO fraud of agricultural listed companies and firms influence the severity and reduce the necessity of IPO audit risk; secondly, introduce basic theory of audit risk, carries on the analysis using the SWOT analysis tool, the theory of modern risk oriented audit, and classify the domestic agricultural listed companies in the IPO related; thirdly, on the impact of agricultural listed companies in the IPO audit risk factors were correlation analysis, and combined with the related factors of IPO of Guangzhou "new land" in the cases of failure to make a concrete analysis of. Finally, combined with China's agricultural class listed company IPO audit risk factors and Xindadi IPO failure case, summarizes related to IPO audit risk factors, and draws the conclusion, and puts forward some measures to prevent the agricultural listed companies in the IPO audit risk is proposed.