A Case Study On The Financial Assets Audit Of Z Company

Financial assets are an important part of a company's financial statements,it have four basic characteristics:limitation of time,liquidity,risky and profitability.With the continuous development and improvement of China's financial market,the number and types of financial assets of listed companies are becoming more diversified.The characteristics of high liquidity of financial assets make more and more enterprises choose it to make investment decisions and fundraising decisions,but the risky of financial assets will also bring many uncertain factors.In addition,the new financial instrument standards and the old financial instrument standards have undergone major changes in the classification,reclassification and impairment of financial assets,and will also bring new challenges to the audit of financial assets of CPAs.At present,there are many articles on the research of financial industry and financial risk in China,and there are many well-established systems.However,there are few articles on financial assets audit.Therefore,the innovative research on financial asset auditing is both theoretical and practical.This thesis takes case analysis as the main research form and discusses how to improve the financial assets audit problem of Z company.This thesis always uses the financial asset audit as the key point to analysis.It analyzed the objectives,main risk points and main processes of financial asset audit.It researched the characteristics of Z company's financial assets,the main risk points of Z company's financial assets audit,the main process of Z company's financial assets audit,the existing problems and causes,and the improvement of Z company finance from the two levels of CPA and accounting firm were discussed.Several suggestions for asset auditing have been given.This thesis believes that:CPA firms should strengthen the quality control of financial asset audits,especially they should focus on improving the financial assets audit of Z Company,including the strengthening of key work guidelines,auditors trainings and working papers reviewing.And CPAs should expand the scope of application of analytical procedures,increase the substantive procedures for the implementation of available-for-sale financial assets and improve the quality of audit work papers.