Research On Auditing Of Notes Receivable In Listed Companies

In recent years,the bills market has developed rapidly,the notes receivable of listed companies have undergone tremendous changes.The number of bills has increased,the amount has increased and the acceptance period has become longer.Some listed companies infringe on the interests of investors through the fraudulent collection of bills,and infringe on the interests of investors,disrupting market order and increasing the risk of bills.In June 2018,the Ministry of Finance announced the consolidation of the accounts receivable and notes receivable in the balance sheet,and the new requirements for the audit of the bills received.However,the changes in notes receivable did not cause the CPA to pay sufficient attention to the audit of the notes receivable,the notes receivable were still non-audited key subjects.In the audit practice,the CPA generally lacks the concern for the receipt of bills,the risk assessment result of the material misstatement of the notes received is not accurate,the design of the audit procedures for notes receivable is unreasonable and the implementation effectiveness is insufficient,so that it is impossible to obtain sufficient and appropriate audit evidence of the notes receivable,the notes receivable gradually became the “hardest hit” of the audit.The single auditing model has been unable to adapt to the changes brought by the market development to the notes receivable.The auditing concept and auditing model of notes receivable need to be updated.Therefore,it is necessary to study the auditing problems and auditing countermeasures of the notes receivable of listed companies at the present stage.This paper combines the connotation and extension of notes receivable,bill function theory,information asymmetry theory,risk-oriented audit theory,and the use of theoretical analysis,case analysis,investigation and research methods,etc.,in violation of the rules for receivables in the decade of 2009-2018 The enterprises and firms whose behaviors were punished by the CSRC sampled and summarized the audit status of the bills receivable,and selected the representative Boyuan investment bill fraud cases as a case to study the specific problems of the audit of the bills receivable.Propose countermeasures and suggestions:auditors should increase the importance and auditing ability of bills receivable;standardize the audit procedures for bills receivable;improve the information disclosure system for bills receivable and the auditing guidelines for bills receivable.Finally,the paper supplements the shortcomings of the conclusions of this paper,and looks forward to the space and prospects of the audit research of notes receivable.I hope that the failure cases in the text can play a warning role for listed companies and firms.The conclusions drawn can improve the importance of listed companies and CPA in collecting bills,innovate audit methods,optimize audit procedures,and promote audit operations for bills receivable.The reform and improvement provide some reference and reference for the CPA to carry out the audit of the bills receivable.