Audit Risk Identification And Response Of P2P Lending Platform

With the development of economy and science and technology unceasing progress,P2P lending platform since landing in China after I have grown up with amazing speed.As an effective complement,Banks and other financial institutions lending to P2P network platform to promote the benign operation of the private capital market,and made great contribution to the development of China's real economy.Good and evil people mixed up,mud and sand flow together under the background of market,competition in the industry environment is the P2P network credit company cannot escape reality,rising industry risk,run,frequent problems such as illegal fund-raising.P2P lending platform once appear problem,easy to disrupt the market economic order,to the healthy development of economy,stable and harmonious society will have a significant impact.Audit is one of the most efficient way of supervision in the economic activities,the introduction of the third party audit can promote the benign growth of the P2P lending platform,lifting platform credibility,prompting its compliance,speed up the platform for information disclosure.But because of the complexity of the P2P network platform loan economic activity,in the process of the certified public accountant in the audit faces higher audit risk than traditional enterprises.So the P2P lending platform of audit risk of certified public accountants audit work smoothly is of great significance.Based on the above background,this paper links the reality phenomenon,under the guidance of modern risk-oriented audit,using the method of case study and comparative analysis of the whole P2P lending industry of audit risk are analyzed.Certified public accountants to P2P network platform of material misstatement risk loan mainly includes the following aspects:the risks of business competition in the industry,the rate of bad debts caused by credit risk,liquidity risk,asymmetric information risk,insufficient information disclosure lack of personal credit system,lack of industry authority information sharing mechanism,such as information security risk of material misstatement.Certified public accountants in inspection of P2P network platform loan risk mainly includes the audit content and audit emphasis are not clear,the audit technology is not perfect,the competence of auditors and other risk factors.C.ertified public accountants from the implementation of modern risk-oriented auditing procedures,make full use of computer audit,improve the competence of certified public accountants overall response and further audit procedures such as two aspects of the P2P network platform loan reduce audit risk to an acceptable level.Finally,this paper combined with the case of pleasant to borrow,points out the specific audit strategy.