Research On Audit Risk Of Monetary Capital

In recent years,the failure cases of Monetary Fund Audit appear frequently.In 2008,Zhonglei certified public accountants failed to verify the bank deposit balance,which led to the fact that Wanfushengke failed to discover the fictitious bank account.In 2014,Lixin certified public accountants failed to discover the forged bank reply letter of Kanghua Agriculture and falsely increased the bank deposit.In 2019,Kangdexin's 12.2 billion capital was strangely missing.The frequent occurrence of currency fund fraud in listed companies makes the audit of currency fund draw public attention.This paper studies the failure cases of Boyuan Investment.First of all,the background,significance,thinking framework,writing methods,innovation points and shortcomings of the failure of monetary fund audit are described,and then the relevant theoretical literature at home and abroad is summarized to provide theoretical basis for the subsequent case analysis.Secondly,it briefly analyzes the corporate fraud,the lack of audit procedures of accounting firms and the reasons of audit failure in recent years,which lays the foundation for further analysis of Boyuan Investment cases.Thirdly,the risk of misstatement and inspection risk of Boyuan Investment audit failure cases are comprehensively combed,and the risk of misstatement at statement level and identification level,as well as the inspection risk at firm level and certified public accountant level are analyzed.Based on the analysis of the audit risk of Boyuan Investment,this paper puts forward the strategies to deal with the audit risk from the perspective of the firm and the certified public accountant respectively.Among them,the risk of the certified public accountant focuses on the risk of misstatement at the statement level and the recognition level.Finally,the case analysis is summarized,and the enlightenment is drawn as follows.Firstly,the audit of monetary funds should be combined with other accounting subjects,the nature of the business involved and other aspects to assess the risk of misstatement and design and implement specific audit procedures.Secondly,there are both subjective and objective factors that lead to the failure of monetary funds audit.Certified public accountants should try to avoid the risk brought by subjective factors and through the implementation of adequate audit procedures to reduce the risk of objective factors.