Research On M&A Auditing Risk Of Listed Company

At present,more and more enterprises choose mergers and acquisitions to expand scale of operation rather than self-accumulation like before.M&A is a high-risk economic activity,as M&A become more complex,M&A risk is increasing,At the moment,the work of M&A identification,measurement and avoid work is becoming more and more important.In order to the smooth of the M&A activity,the enterprise needs to hire a professional intermediary to undertake the audit work.In this process,choosing the Certified Public Accountants with rich experience and strength to participate in mergers and acquisitions can effectively reduce the M&A cost and reduce the risk in the process of M&A.So,this article will research M&A-Auditing Risk and discusses the cause,identification,assessment and prevention of M&A-Auditing Risk.The core issue that this paper studies is audit risk control of listed company M&A audit.In particular,based on the background that mergers and acquisitions have become more frequent and the audit work becomes more and more important,this paper will research M&A-Auditing Risk.To this,this paper puts forward a few specific questions:compared with general financial statements auditing,the particularity of M&A audit,the relationship between the particularity and M&A-Auditing Risk;the causes of M&A-Auditing Risk;how to identify and assess the M&A-Auditing Risk;how to prevent and control M&A-Auditing Risk.The paper uses theoretical analysis and case analysis to study:first,through the analysis of listed companies M&A audit,this paper suggests the audit risk factors and the causes in the process of M&A audit,and points out the importance of M&A audit risk control;Secondly,combining modern risk-oriented audit model,qualitatively analyzing the factors of M&A-Auditing Risk,and evaluating the risk factors by using fuzzy comprehensive evaluation method;Finally,combined with the UniStrong M&A case,this paper put forward the risk prevention measures of M&A audit.Through researching,this paper draw the following conclusions:(1)when analysing and assessing the M&A-Auditing Risk,because of the particularity of audit and the complexity of M&A,auditors need consider various factors.The risk factors need to be measured and evaluated because the different factors have different affect on M&A-Auditing Risk.(2)To prevent M&A-Auditing Risk,for different M&A-Auditing Risk we should take corresponding measures.At the same time,by evaluating the risk factors,the audit resources can be properly tilted to the risk factors of higher risk.The final purpose of M&A Auditing is to circumvent M&A risk,by taking measures to prevent M&A-Auditing Risk,enterprise can effectively avoid the failure of M&A Auditing and ensure the smooth of M&A.The main innovation of this paper is that,at present there are many study on audit risk and corporate M&A,but the research of enterprise M&A audit risk,especially the listed company M&A audit risk research are rare.This paper from the perspective of the whole M&A transaction studies the listed companies M&A audit risk,qualitatively and quantitatively analyze M&A audit risk,which has some innovation in this area.At the same time,this article selects UniStrong M&A case to study,which the case is novel,timeliness is strong,and belongs to the high-tech listed companies,has a practical significance for the future of the listed company M&A audit.