Research On Audit Risk Control Of Listed Companies In NEEQ

The Thirteenth Five-year Plan which is issued On March 17, 2016 puts forward to promoting the reform of NEEQ market clearly, then the transfer platform of NEEQ market begins to run formally. In recent years, in order to solve financing problems of small and media-size enterprises, the Chinese government has adopted lots of policies to encourage the development of National Equities Exchange and Quotations(NEEQ) market, which makes NEEQ market grow fast and the scale of financing gets bigger and bigger. Although it plays an important role in the development of national multi-level capital market, there are a series of problems. Considering the low entry threshold and a large number of listed companies which are widely distributed, NEEQ market is full of risks. Then China Securities Regulatory Commission(CSRC) and other regulatory agencies are strengthening the supervision of NEEQ market, then these enterprises and market makers that conducted illegal operations in NEEQ market are punished frequently. Because of the rapid development of NEEQ market and the condition of high risk which these enterprises are faced, all sectors of the community pay more attention to the market, which makes certified public accountants and auditors face greater challenge and pressure. For the sake of controlling audit risks of the companies in NEEQ, auditors should have a comprehensive and systematic understanding of the causes of audit risk and measures of companies in NEEQ.The paper uses methods of normative research,literature research and case research,and chooses a UAV manufacturer in Tianjin that applies to be listed in NEEQ as the research object, and analyzes its audit risk in the course of being listed. By organizing some reviews of relevant literature at home and abroad, the paper analyzes its audit risk from two angles,namely material misstatement risk and check risk, and the analyses are based on the theory of modern risk-oriented audit and modern audit risk model. And material misstatement risk of the company is shown as the following several aspects, namely corporate governance structure, related party transactions, revenue recognition and cost accounting, continuing operations and revenues. And the recommendations are proposed on the basis of the case analysis, and the part gives some several key issues that should be focused in the aspect ofmaterial misstatement risk, namely to strengthen the audit about internal control of listed companies, to assess associated business risks of listed companies carefully, to pay attention to problems of accounting disposal, to make reasonable judgment to listed companies’ ability to continue as a going concern, to consider the reliability of the financial performance indicators fully. And the paper gives some suggestions which are associated with the awareness of audit risk, plans of the audit, procedures and methods of audit in the aspect of check risk. Auditors face greater risk due to the particularity of NEEQ market, but these risks can be reduced by using a series of strategies, and these strategies need to be summarized and improved in practice.The paper is more innovative in terms of research topic and the case, and the study of the subject and the listed enterprise in NEEQ market is relatively less. The paper has some innovative points, but it has some defects. Firstly,there are less references at home and abroad,and the lack of references raises the possibility that there are distinctions in this paper.Secondly, the article uses less quantitative analysis, which makes the paper less objective and accurate.In addition, audit risk and problems of the case enterprise can’t represent overall situations.