Research On The Implicit Related Party Transactions And Auditing Countermeasures Of Listed Companies

Related party transactions often have unfair conditions and become a way for listed companies to deliver illegitimate interests.In recent years,with the supervision of the regulatory authorities,many listed companies want to hide some improper benefits,related party transactions have become more and more concealed.A variety of hidden related party transactions have increased the difficulty of CPAs in conducting audit work.Based on the above situation,this paper uses the combination of literature research method and multi-case research method to study the impact of hidden related party transactions on auditing and countermeasures.The research ideas in this paper are different from the existing ones,the biggest innovation point is to analyze the three aspects of the special relationship,non-fair pricing and abnormal transaction content of hidden related party transactions.This paper analyzes the relevant theoretical basis of implicit related party transactions,defines related concepts of related parties,related party transactions,implicit related parties,and implicit related party transactions,summarizes relevant domestic and foreign literature on implicit related party transactions.Analyze the current situation of implicit related party transactions by comparing the cases of audit failures due to implicit related party transactions from 2010 to 2018 and the cases in which CPAs issued non-standard audit opinions to listed companies due to implicit related party transactions in 2018.On this basis,the performance of hidden related party transactions is analyzed from the aspects of transaction relationship,transaction price and transaction content.This paper analyzes the impact of CPAs on the audit of financial statements according to the special performance analysis of three aspects of implicit related party transactions.First,the hidden related party relationship between the listed company and the counterparty is difficult to find.Second,the fair price of thetransaction is difficult to obtain,which makes it more difficult to audit the financial statements.Third,the CPA applies the existing one in the audit process.The audit process is not working well.Implicit related party transactions pose greater challenges to auditing financial statements.On the basis of the above research,this paper proposes targeted auditing countermeasures from the aspects of mining hidden related parties,analyzing the fairness of transaction prices and paying attention to abnormal transaction content.This paper illustrates some of the ideas by representative Zixin Pharmaceutical,and analyzes the impact of the implicit related party transactions of Zixin Pharmaceutical on audit and propose specific audit countermeasures.