Research On The Influencing Factors And Countermeasures Of M&A Aaudit Risk

While global M & A transactions are booming,M & A transactions in China 's capital markets are also in full swing.The upsurge of M & A transactions has brought new development opportunities to accounting firms.Compared with general auditing,M & A auditing is more difficult and requires higher requirements for certified public accountants.Certified public accountants must not only possess the professional skills of auditing financial statements,but also have knowledge of M & A transactions.In addition,due to the wide scope of M & A audits,CPAs face greater audit risks.In addition,the financial fraud scandals often exposed in the M & A transaction market have caused CPAs to face a lot of pressure from public opinion.Therefore,in the face of complex M & A audits,discovering the influencing factors of M & A audit risks and finding measures to deal with M & A audit risks have become a very important research topic.This article first consulted domestic and foreign literature on the audit risk of mergers and acquisitions,and analyzed and summarized it.Secondly,define the concepts related to M& A audit risks,and based on a full understanding of M & A audit related theories,combined with modern risk-oriented audit models,the factors affecting M & A audit risks are from the level of financial statements,inherent risks,control risks and inspection risks.Four aspects are analyzed.Subsequently,the reasons for the failure of M & A audits of Kanghua Agriculture and Busen,M & A of Jiuhao Group and Anzhong,and M & A of Champs-Elysées and Guangdong Media were studied to further verify the existence of influencing factors of M & A audit risks.The factors affecting the audit risk of mergers and acquisitions mainly include: the complexity of the merger and acquisition environment,the rationality of the equity structure of the merger and acquisition parties,and the rationality of the merger and acquisition purpose,the deviation of the corporate value assessment,the rationality of the internal control system design and the effectiveness of implementation,registration Accountant's professional ethics level,professional competence level,quality control level of accounting firm,and guidance level of M & A audit-related business.Finally,in order to reduce the possibility of M & A audit risks,this article proposes corresponding countermeasures from two perspectives: from the perspective of the audit subject,the CPA should improve his professional ethics and professional competence,and open up in the audit process.Anonymous reporting channels,accounting firms should prudently accept mergersand acquisitions audit business,focus on the training of certified public accountants,and establish a complete and good quality control system;from the perspective of external supervision,set up a set of accounting firm credit rating system and standardize audit Fees and increased supervision of accounting firms.