IPO Audit Risk And Control Research

Since the new century,China's capital market has been booming.More and more companies have listed financing as an important financing channel,and they have obtained funds for further development of the company and improved the company's value and market reputation.In the process of rapid development of the capital market,many problems have arisen.Many companies have not hesitated to fake financial data and whitewash financial statements for listing.This has also caused IPO financial fraud cases in recent years.These financial fraud cases have developed for China's capital market.The negative impact is huge,and it is a great blow to investors' confidence.The IPO process requires close cooperation between accounting firms,law firms,sponsor institutions,and capital appraisal institutions.Among them,accounting firms have the highest responsibilities and risks.This also poses a huge challenge for accounting firms that provide IPO companies with listing services.As we all know,in recent years,the CSRC has become more and more strict in financial review of listed companies,and the penalties for intermediaries involved are becoming more stringent.How to find out IPO corporate financial fraud,reducing audit risk and avoiding audit failure have become the focus of more and more scholars and experts.Based on the IPO audit risk related theory,this paper first expounds the audit risk and IPO audit risk related concepts and theories in the general sense,and analyzes and studies the causes of IPO audit risk from the two levels of “overall” and “specific”.The representative company of DengYun Co.,Ltd.was selected to conduct actual case analysis.The modern audit risk model was used to analyze the audit risk in the audit risk model,identify and evaluate the significant misstatement risks of Dengyun Co.,Ltd.and encounter Check the risk.Finally,according to the risk analysis of Dengyun Co.,Ltd.,the overall level is as follows: improve the capital market laws and regulations,clear financing channels,and change the appointment mechanism of audit institutions;from a specific level;improve internal control and strictly enforce and improve auditing Professional quality of personnel,establishment of a sound and effective internal quality control system risk prevention measures.At the same time,this paper has guiding significance for IPO audit practice and theory of accounting firms.