Research On Audit Risk And Prevention In Internet Industry

In today's internet era,the internet is developing at an unprecedented speed,and has become an important engine driving in economic development.In 2007,the "cyberization" concept was first developed.In 2012,the industry for the first time put forward the concept of "internet +".In 2015,the Chinese government work report also raised "internet+ action plan".The internet is being applied to traditional industries,and gradually changing people's lifestyle.The internet has changed from the position of communication channels,entertainment carriers in history to the productivity of interdisciplinary integration in various industries,cultivation of emerging industries,and the leader in technological development.The internet has improved the real economic benefits,created new economic growth points and exerted a far-reaching impact on the development of economy and society.The internet is an emerging industry,and it does not have a long history.Because the business model and new products are constantly innovated,some related systems,for instance,the relevant financial system,legal system,IT management system,risk management,internal control,enterprise management and others,are not yet mature.In addition,some characteristics such as high dependence on information systems,the special way of income and cost confirmation,and the high operational risks,have brought great challenges to the current audit work.In recent years,the booming trend of the internet and the emergence of internet audit failure cases have forced the auditors to keep up with the pace of the times,to understand the emerging new models,to use modern technology,to focus on the business essence of internet enterprises and data logic analysis.In the audit methods and models,the auditors should pay attention to innovation,adhere to proper professional prudence and avoid all kinds of audit risks.This thesis mainly uses three methods: literature research,inductive method and case analysis.The paper starts from discussing characteristics of the current internet industry,the research significance;next,I review domestic and foreign internet industry audit related literature,and summarize some ideas and methods of the experts and scholars.In the following chapters,the causes of audit risk in internet industry are analyzed.Finally,taking as an example the internet company W company that I actually worked before,from two aspects of significant misreporting and inspection risk,this thesis refines the representative audit risks of the internet industry,and summarizes the response measures.It is expected to deepen the understanding of theoretical knowledge through intuitive cases and provide references for improving the auditing level of the internet industry.