Study On Inventory Auditing Of The H Grain Co.,Ltd.

In recent years,there have been frequent cases of financial frauds in China's agricultural enterprises.Various types of financial counterfeiting methods have emerged,including"Yinguang Xia","Lam Tin Co.,Ltd.","Wanfu Life Science","Zhangzi Island"and"New Earth." Eliminating the use of inventory as an asset to hide the company 's financial problems,inventory audits of agricultural companies are critical.Since agricultural enterprises are mostly agricultural,forestry,animal husbandry and aquaculture enterprises,their inventories are mostly biological assets,and they are vulnerable to natural environments such as air temperature,water quality,and insect pests.The agricultural products market has a wide range of fluctuations and the specificity of agricultural inventory becomes the agricultural enterprise management manipulates the "hotbed" of finance.Based on the unique risk characteristics of agricultural enterprises' inventory and the specific auditing of agricultural enterprises in order to minimize the possibility of audit failure,there are no uniform standards for relevant external regulatory agencies at home and abroad.Although domestic and foreign scholars have carried out relevant research on auditing risks and auditing methods for both inventory audits and agricultural audits,there are few relevant research results on how to audit agricultural enterprise stocks in specific practices,especially the research combined with the characteristics of Chinese agricultural enterprises is rather lacking.Therefore,under the current situation,in order to effectively respond to the auditing problems faced by the auditing of agricultural enterprises,the research on agricultural inventory auditing is particularly important.This paper is based on the modern risk-oriented auditing theory.It uses the particularity of the audited company's inventory audit as the entry point and the auditing staff s auditing process as the clues to identify the auditors' risk assessment during the inventory audit of the H Grain Co.,Ltd..The results of the program were inaccurate,control testing was in the form,and substantive procedures were not properly implemented.In addition,the risk assessment procedures,control tests and the specific analysis of the specificities of the existence and completeness of the company's stocks in the H Grain Co.,Ltd.were analyzed,including the lack of fixed standards and the inadequacy of information disclosure,the reasons for the problems in the substantive procedures.And it put forward specific recommendations.It can provide some ideas for the theoretical community to explore the inventory subject auditing suitable for China's agricultural enterprises;at the same time,it provides a new reference for improving the external audit of the audited company,with a view to improving the quality of the inventory audit of agricultural enterprises.