Research On Risk Identification And Evaluation Of Related Party Accounts Receivable Factoring Audit

The special risks of related party audits are well-known.With the progress and development of society,various economic derivative businesses are becoming more and more complex.When related party audits add new factoring business,the accompanying audit risks It also keeps increasing.In particular,as China's economy enters a new normal,economic growth slows down,and supply-side structural reforms advance,increasing the difficulty of financing for companies.In order to make up for the lack of financing channels in the traditional financial industry,the use of accounts receivable for factoring business financing has developed rapidly in China in recent years,but its high audit risk cannot be underestimated.When audit practitioners are faced with the emerging factoring business audit,it is also a challenge in itself.When the factoring business of accounts receivable is added to related party transactions and the two high-risk audit businesses are combined,how to reasonably and effectively identify and evaluate their audit risks is a problem worthy of attention and discussion.This article takes the current economic situation and practice in China as the background,and through literature reading,the related research of related party auditing and factoring business is used as theoretical support to theoretically analyze the risk identification and evaluation of related party account receivable factoring business audit.The theoretical analysis of the factoring business audit of accounts receivable of related parties is used in the case of credit factoring business audit between TL and its group companies.From an audit perspective,identify the main risks and causes of the factoring business of accounts receivable of related parties of TL Company.Among them,the main risk points are due to frequent internal transactions,the impact of group statement disclosure,and internal control deficiencies,and risk assessment.Through the risk identification and evaluation of the factoring business audit of accounts receivable of related parties,strategies for strengthening the quality control of audit projects and increasing the risk control of factoring companies are proposed.This paper studies the risk identification and evaluation of the factoring business audit of accounts receivable in related party transactions,uses case analysis and comprehensive analysis,analyzes the audit theory,and then uses TL as an example to analyze the audit case and analyze the related The risk identification and evaluation of the factoring business audit of the party 's accounts receivable proposed some strategies.