Research On Fraud Audit Risk Of Related Party Transactions Of Listed Companies

Due to the special national conditions of China,there are complicated relations among listed companies,and benign related party transactions between enterprises can reduce transaction costs.However,many enterprises may use the related party transaction fraud to grab profits,which makes the related party transaction fraud rampant.Moreover,the concealment and complexity of the relationship make it more difficult for accounting firms to identify the fraud in the related party transactions,which leads to the greatly increased audit risk.After summarizing the causes and means of fraud in related party transactions,this paper analyzes the audit risk that may be caused by this,and introduces the cases of audit failure caused by fraud in Shandong new green related party transactions.In fact,it proves that under the traditional audit mode,the fraud behavior of listed companies will lead to the improvement of audit risk.Therefore,the traditional audit mode is not effective in identifying the risk of fraud in related-party transactions.The naive Bayesian classification was used to create the audit model,and the financial data of Shandong XinLv were combined to deduce the results.Finally,it is concluded that fraud in related party transactions will greatly increase the audit risk.Only by fully combining the big data background and technical basis,the accounting firm can effectively reduce the audit risk caused by fraud in related party transactions by improving the audit procedures and methods.