Study On Audit Risk Of Neeq-listed Companies Annual Report

As an important over-the-counter trading place in China's capital market,NEEQ has experienced a period of rapid development from its establishment to today,but at the same time,it also brings many hidden dangers.In June 2017,China Securities Regulatory Commission(CSRC)issued < Risk Tips for Accounting Supervision No.6——Audit of NEEQ >.The release of this document has made the study of audit risk of NEEQ a hot topic for scholars.At present,scholars have made many enlightening achievements on the prevention and control of audit risk,but most of the research focuses on the main board market,and there are few studies on audit risk with NEEQ as the subject.The research on the audit risk of NEEQ is also mostly focused on the listing audit of enterprises.There are few studies on the auditing of annual statements of listed companies because of their need for continuous information disclosure.The existing research results are difficult to guide the audit work.Aiming at the research on the prevention and control of audit risk in NEEQ Company,this paper,based on modern risk-oriented audit,adopts two research methods of literature research and case analysis,carries out the following research procedures: First,it expounds the background and significance of this study,makes a concrete understanding of the current research situation in related fields at home and abroad,explains the research ideas and methods,and introduces the innovation of this paper.Secondly,it defines the concepts involved in the paper and elaborates the theoretical basis on which the paper relies.Then,it combs the current situation of annual report audit in NEEQ,analyses the audit risks existing in the audit of the NEEQ company's annual report,and analyses the causes of audit risks.On the basis of clarifying the current situation of auditing in the overall level of NEEQ market,this paper conducts a case study of the specific NEEQ company,summarizes the problems existing in the auditing process of the accounting firms,and analyses the causes of the audit risks of the accounting firms.Based on the analysis of the causes of audit risk,this paper puts forward some suggestions for accounting firms to prevent and control audit risk.Through research,this paper finds that the audit risk of NEEQ Company is caused by both major misstatement risk and inspection risk,but mainly from inspection risk.It is also believed that accounting firms can reduce the overall level of audit risk to an acceptable level by preventing major misstatement risks and controlling inspection risks.Based on the analysis of audit risk in the annual report audit project of NEEQ,this paper puts forward pertinent suggestions from four important stages of audit,namely business acceptance stage,risk assessment stage,substantive procedure stage and audit completion stage.The innovation of this paper is to locate the research object in the company that has been listed successfully in the NEEQ,and conduct annual auditing because of the need for continuous information disclosure.In view of the current situation that scholars have relatively insufficient research in this field and that the annual audit risk of NEEQ is relatively high,this paper puts forward some pertinent suggestions for the accounting firms to prevent and control the audit risk of the companies on NEEQ by case analysis in order to find out the problems,analyze the causes and put forward the logic of the countermeasures.At the same time,it enriches the relevant theoretical research,and has a certain guiding role for the NEEQ Audit practice.