Case Study On Revenue Audit Construction Company A

Revenue is an important subject of financial statements and a key indicator to measure the company's financial performance.Certified public accountants should consider revenue recognition as a key audit matter.However,due to the complexity of many companies' business models,there are some difficulties in revenue audit.Compared with other industries,the revenue recognition of construction industry is more complex,especially the recognition of project revenue.The project revenue shall be recognized as the percentage of project completion on the balance sheet date.However,in practical work,it is very subjective to determine the revenue according to the progress of the project.It is of great theoretical and practical significance to study the revenue audit of such enterprises.Therefore,this paper chooses A construction company's revenue audit in the construction industry as the case study object.This paper always takes revenue auditing as the starting point,introduces the theory and research status of revenue auditing at home and abroad,combs the connotation of revenue auditing,the main types of revenue of construction enterprises and the characteristics of revenue auditing of construction enterprises,and expounds the risk and auditing methods of revenue auditing of construction industry.On this basis,take A construction company's revenue audit as an example for analysis and research.From the four stages of planning and risk identification,audit strategy determination and risk assessment,audit execution and audit business completion,this paper makes a detailed analysis of the situation of CPA's revenue audit of A Construction Company.This paper holds that this audit is a relatively successful one.CPAs have basically chosen the appropriate audit procedures according to the requirements of the audit standards and the actual situation of the audited units,and have obtained sufficient audit evidence.This audit has a lot of experience worth learning,such as attaching importance to external evidence such as economic essence and correspondence,attaching importance to affiliated transactions and maintaining a high degree of professional suspicion,making full use of substantive procedures and analysis procedures,and possessing high professional competence.However,there are still some shortcomings in the audit process,which are mainly manifested in the following aspects: the audit of project revenue stays after the statement date,the unpredictability of audit procedures is insufficient,the lack of targeted revision of audit manuscripts,and the insufficient use of information technology audit.Finally,this paper puts forward some suggestions to improve the revenue audit,including the audit of project revenue near the statement date,the increase of unpredictability of audit procedures,the targeted revision of audit manuscripts,and the full use of information technology audit.The main innovation of this paper is that the topic is very detailed,targeted,the study on the whole process of revenue audit is very detailed,and closely linked with the audit standards.The shortcoming of this paper is mainly that the revenue audit research is done under the old revenue criteria.