Identification, Evaluation And Response To Audit Risk Of Merger And Acquisition Of Energy State-owned Enterprises

In the context of rapid economic development,mergers and acquisitions have become one of the important measures for enterprises to expand their capital and business scale.In addition to the mergers and acquisitions of domestic companies,cross-border M & A activities are also increasing,and Chinese companies have started frequent cross-border mergers and acquisitions.Through mergers and acquisitions companies can quickly expand their scale to obtain a large number of assets.However,because of their outstanding complexity and difficulty,mergers and acquisitions activities will also bring a lot of merger and acquisition risks to the company,and even bring losses to the company’s operation.Therefore,during the process of M & A activities,more companies have started to hire intermediary service organizations with stronger professional capabilities,such as lawyers,asset appraisal and securities institutions,to provide professional advice to increase the profits of M & A and reduce the cost of M& A;at the same time Engage an accounting firm to conduct special merger and acquisition audits to identify and prevent possible risks in mergers and acquisitions to help companies complete mergers and acquisitions.This paper combines literature research method and case analysis method to carry out research on the merger and acquisition audit of energy central enterprises.This article first reviews the research and literature on M & A audit,audit risk,and M & A audit risk,and then gives the conceptual definition of corporate M & A and M & A audit risk.At the same time,it uses related theories such as audit risk-oriented theory and information asymmetry theory,based on Established the audit risk model to build the M & A audit risk model.Combined with the characteristics of the energy industry,such as: high risk and high return,long return cycle,high industry barriers,and great influence by the national energy policy,etc.,combined with the status of the energy industry M & A in recent years and the risks existing in the M & A process,the M &A audit risks are divided There are two major categories of inspection risk and major M & A risk,the latter of which can be divided into three stages of audit risk:preparation,execution,and integration,depending on the stage of the M & A activity.Finally,taking Shenhua Group’s merger and acquisition of Guodian Group as a case analysis,and based on the M & A audit risk model built in this article,it is possible to identify possible M & A audit risks in it,and at the same time,point out that X Officehas taken effective measures to prevent audit risks.Measures.The innovation of this article is to select M & A activities in the energy industry to conduct research,use the existing audit risk model to establish an M & A audit risk model,combine the differences between the energy industry and other industries,use literature analysis and case analysis,and systematic analysis The sources and preventive measures of audit risks in mergers and acquisitions in the energy industry are proposed,and recommendations are made for certified public accountants to prevent risks in merger and acquisition activities.