Research On Audit Risks And Countermeasures Of Enterprise M&A Under The Same Control

In recent years,more and more companies have chosen mergers and acquisitions to improve their competitiveness.However,the complexity of the M&A transaction makes the potential risks in the M&A process greater,and the frauds involved are becoming increasingly prominent.Therefore,as the third-party supervisor of M&A projects,the auditors are very important to effectively control and prevent various risks in M&A audits.At present,China has little research on the audit risk of corporate mergers and acquisitions under the same control,so this article intends to select this type of special audit projects that both parties of the merger and acquisition belong to the same controller as the research object.The proposed countermeasures are intended to provide reference for accounting firms in future merger and acquisition audits.This article uses a combination of theory and case to study the audit risks and countermeasures of M&A under the same control.The first part makes a corresponding research background on the audit risk of corporate mergers and acquisitions under the same control,analyzes the practical significance and innovation of the research,and summarizes the research ideas and framework of this article.The second part reviews the domestic and international research results on M&A and M&A audit risks under the same control,and reviews the literature.In the third part,based on the introduction of concepts related to the research issues in this paper,as well as modern audit riskoriented theory,information asymmetry theory,game theory and other theories,the audit risk model of M&A under the same control is constructed.The model is mainly composed of major M&A risks,inherent risks,control risks and inspection risks at the level of financial statements.The fourth part specifically focuses on the case of the listed company Yutong Bus M&A lean case,introduces the background of the case and discusses the risk points that the case may face during the M&A audit process.The fifth part is based on the merger and acquisition audit risks identified by the above theory and case analysis,from the perspective of the accounting firm,it puts forward measures and suggestions for the prevention and response of corporate merger and acquisition audit risks under the same control.Through the results of theory and case analysis,this paper reveals the various risk points and hidden dangers behind the merger and acquisition model of enterprises under the same control,the most prominent of which is the audit risk brought about by the transfer of interests of large shareholders.Emphasizing that auditors should pay special attention to whether there is a phenomenon of benefit transmission and consider the impact of this risk on audit opinions when conducting merger and acquisition audit business under the same control.It is also proposed that auditors must maintain a high degree of professional suspicion throughout the M&A audit process,so as to effectively identify and respond to various potential risk points in the M&A audit process and reduce the negative impact of M&A audit risks.