Research On Audit Risks Of Implicit Related Party Transactions

With the development of the market economy,the scale of listed companies has gradually expanded and formed corporate networks through mergers and reorganizations.In this case,the proper use of connected transactions can help listed companies save transaction costs,but more and more companies The convenience and concealment of transactions make it one of the main means for listed companies to manipulate profits and fraud.Related party transaction audit is a high-risk part of the audit,and it is also a key focus of the CSRC's punishment.The current scholars' research on related party transactions mainly focuses on related party identification,disclosure and pricing of related party transactions.Few studies have studied the audit risk from implicit related party transactions.This article uses literature research method and case analysis method to combine the theoretical analysis of typical cases in the market,on the one hand,to understand the characteristics of hidden connected transactions and the current status of listed companies using hidden connected transactions,on the other hand,to provide the audit risk of hidden connected transactions Some means of identification and response.*ST Hairun Photovoltaic is a typical case where a large number of implicit related party transactions have been used in the capital market recently,which eventually led to delisting.This article uses related party and related party transactions,related party transaction fraud and audit risk as the theoretical basis to identify risks from the reporting level of major misstatement and the identification level of major misstatement,and proposes risk response from before and after business acceptance.The research in this paper firstly conducts statistics and analysis on the situation of penalties for hidden connected transactions,the means of hidden connected transactions and the consequences of penalties,respectively,and obtains the general characteristics of hidden connected transactions;then from the development of *ST Hairun Photovoltaic History,case background and the fact that the use of related party transactions constitutes corporate fraud as a starting point to analyze *ST Hairun Photovoltaic's implicit related party transactions and the motive behind the fraud;finally,based on the audit risk process,it can be derived from the level of financial statements The company's external environmental risk,internal change risk,related transaction inherent risk attributes,related party transaction supervision is not in place,and the company's management relationship is closely related to the risk of the three angles to discuss the identification level of major misreporting risks,as well as Hairun's hidden related party transactions Audit and review the risk perspective to identify and respond to the audit risk of implicit connected transactions.