Exploration On IPO Audit Risk Of Commercial Banks

As a special industry of operating risk,it is imperative for commercial banks to enhance their ability to serve the real economy and resist risks.In recent years,it has become the appeal of many non listed commercial banks to issue shares publicly and supplement external capital.There are more and more IPO projects in commercial banks,but how to reduce the risk of IPO audit and promote the successful listing of commercial banks is an urgent problem.In theory,the research on IPO audit risk is relatively sound,but the research on IPO audit risk of commercial banks is less,and in practice,it has not attracted enough attention.The IPO audit of commercial banks is different from that of other industries.The number of business outlets of commercial banks is more scattered,the Internet financial innovation,the widespread use of computer information systems and other characteristics.Based on the above background,through the research on the IPO project of a commercial bank,this paper analyzes the IPO audit risk of a bank from two aspects: the risk of major misstatement and the risk of inspection,and then puts forward the IPO audit risk prevention measures for the commercial bank industry,which is of great significance.This paper uses the method of literature research,investigation and case analysis to study the selected topic.First of all,the audit risk,audit risk model and IPO audit risk are described to provide theoretical support for the following.Then it introduces the particularity of IPO audit risk,and analyzes the IPO audit risk of commercial banks combined with the characteristics of commercial banks.Then,after investigating the case company to obtain information,the paper introduces a business case,and analyzes the audit risk of a commercial bank from two aspects of major misstatement risk.Then combined with the previous industry and case,put forward the whole commercial bank industry IPO audit risk prevention measures.The preventive measures for major misstatement risks include:(1)improving the accuracy of seven level classification of credit assets;(2)controlling the risk of hidden non-performing assets;(3)strengthening the audit of fraud risk;(4)strengthening the audit of information system;(5)attaching importance to the audit of business outlets.The countermeasures to check risks include:(1)improving the professional competence of Certified Public Accountants;(2)enhancing the independence and professional ethics of Certified Public Accountants;(3)attaching importance to the review procedure.It is of practical significance to help the certified public accountants who will provide IPO audit services for the proposed IPO commercial banks.