Research On Audit Risk Of Film And Television Production Industry

In recent years,the film and television production industry,as an important industry carrying social culture,has gradually entered the industry transformation period while its scale is constantly expanding.With the decrease of vicious competition and the withdrawal of hot money,the industry has entered a stage of steady development.With the improvement of audience aesthetics and the deterioration of the living environment of bad films,the industry has become top-notch and high-quality.At the same time,the film and television production industry is naturally characterized by high risks and high returns.The investment cost of film and television production projects is high,the project cycle is long,and there are many factors involved.Although it is possible to get a relatively rich return,once problems occur in the project process,the loss will be very heavy.Under such circumstances,the business performance of listed film and television production companies is generally affected,and the problems of violation keep emerging in the industry,among which there are some behaviors of manipulating profits through financial fraud,which have a further adverse impact on the overall development of the film and television production industry.The high-quality audit services of certified public accountants can improve the reliability of financial statements of film and television production industry,help investors to make reasonable decisions,optimize market allocation and maintain market order.However,the film and television production industry has its own characteristics and faces different audit risks from other industries.Most of the existing studies are universal,and the industry audit risk research is relatively rare,and there is almost no relevant audit risk research in the film and television production industry.Therefore,combined with relevant cases,this paper studies the audit risks of the film and television production industry and puts forward corresponding Suggestions on the audit response.In this paper,descriptive statistics method and case study method are adopted to describe the audit risks in the film and television production industry based on the understanding of the theories related to audit risks,according to the current general characteristics of the film and television production industry,combined with the data and reports of several companies in the industry.Secondly,the film and television production enterprise Huanrui company is selected to study the material misstatement risks at the report level and identification level,and analyze the reasons for the audit failure of the audit institution of the case company and the inspection risks.Finally,the paper puts forward some reference measures on how to reduce the audit risk of film and television production industry.It is found that the audit risks of film and television production enterprises mainly come from the following aspects: policy supervision risks,market competition risks,marketability risks and other operational risks;Capital-intensive industries give rise to strong incentive for fraud;The concentration of upstream and downstream enterprises in the industrial chain makes related transactions numerous;Complex income recognition and a large number of accounts receivable that are difficult to collect,the provision for bad debts and the provision for inventory depreciation are easy for enterprises to resort to these items for financial fraud.In addition,due to the lack of professional industry knowledge,certified public accountants may misjudge the complex accounting treatment of film and television production enterprises.In view of these risks,this paper puts forward corresponding audit countermeasures.The audit risk of related analysis in this paper,the film and television production industry,not only broaden the study of audit risk dimensions,and audit risk management to film and television production industry has a certain reference value,can help in the industry of certified public accountants practice better avoid risks,improve the audit procedures,audit resources rational allocation,improve audit quality.