Research On Audit Risk Is XS Company Related Party Transactions

As economic development enters the new normal,and the scale of enterprises continues to expand,more and more related party relationships and transactions appear in listed companies.Hidden and complex related party transactions have become a means for some companies to whitewash financial statements,which has caused market order Impact also increases audit risk.The vague definition of related party relationships and the various forms of related party transactions have made it more difficult for auditors to perform related audit procedures.Therefore,auditors should conduct further research on related party transaction audits and increase their attention in order to find more effective ways to deal with related party transaction audit risks.This article focuses on the subject of audit risk of related party transactions and takes XS as the research object.By analyzing the problems and challenges of related party transaction audit risks,the research purpose and significance of this paper are clarified.Based on the reference of domestic and foreign research results,the research contents and methods were determined.First of all,based on the relevant theories of audit risk and related party transactions,a certain analysis of the relevant theories was performed.Then,through analysis of XS Company and the ZH accounting firm that performed the audit work,and the status quo of the audit,it was found that the problems of the audit process included unnecessary Risk analysis,lack of necessary risk assessment,and lack of corresponding risk control;then according to the existing problems,identify the risks that may cause XS company related party transaction audit risks and establish a judgment system;subsequently in the judgment system and experts Based on the evaluation results,a mathematical model is established for risk assessment;finally,corresponding risk control measures are proposed based on the risk assessment results.In order to improve the audit level of related party transactions of XS companies,reduce audit risks,and provide guidance and reference for other listed company related party transaction audits.The main innovation is to apply the mathematical model to risk assessment,quantify it to make it more intuitive,pave the way for future risk control.