Research On The Fraudulent Means And Auditing Strategies Of Related Transactions In ST Company

Reform and opening-up has brought about rapid economic development,but there are many hidden dangers behind the development-fraud.Many enterprises will use related party transactions to carry out financial fraud,tax evasion,tax evasion and other illegal operations.Because of the hidden nature of such transactions,it is difficult to be found by auditors,so it is always prohibited repeatedly,seriously affecting the healthy development of the economic market.This paper mainly focuses on the related transaction means and audit countermeasures of ST company in listed companies.This paper introduces the ST system and related transaction theory.This paper introduces the case of M company,introduces the specific methods of related party transactions,and uses the viewpoint of fraud triangle theory to make a concrete analysis of the various motivations of M company,describes the special behavior of M company during the special treatment,and analyses in detail the concealment of related party and the dismantling of related party transactions of M company.It also explores the auditing identification methods that auditors need,and then elaborates the risks that may exist in the process of auditing.Finally,it puts forward some pertinent suggestions in identifying unusual transaction situations,implementing special design procedures,analyzing financial statements,improving the quality of auditors and strengthening the construction of internal control of accounting firms.In the analysis of M company's affiliated behavior,this paper compares the changes of various transactions before and after ST wearing hats,including the change of nature,transaction amount,transaction frequency and transaction time,etc.Based on the results of these comparisons,it puts forward audit opinions pertinently in reducing audit risk.Generally speaking,this kind of special transaction is extremely complex,and all of them are for special purposes of fraud,which will have a negative impact on the outside world and their associated enterprises.Therefore,it is necessary for certified public accountants to maintain and improve their due professional prudence at any time when auditing transactions between related parties,and to use special auditing means and strategies to test and review the economic behavior of related parties,so as to reduce the audit risk between related parties.