Research On Audit Risk Control Under The Changing Face Of IPO Performance Of Yuebo Power

Initial public offering is an important way for listed companies to raise funds from investors,which can help listed companies improve their capital structure and further promote their sustainable development.However,the performance turnaround after IPO has a negative impact on the capital market.The phenomenon of performance turnaround of listed companies after IPO not only severely affect the enthusiasm and confidence of investors,but also impact the stability of the capital market,which is not conducive to the sustainable and healthy development of the capital market.How to effectively prevent performance turnaround after IPO and improve the overall audit level and prevent audit risk has become a major problem to be solved to improve the efficiency of China's capital market,but also a major measure to enhance the image of certified public accountants.In view of this,this paper takes the audit risk under IPO performance turnaround as the research object,in order to provide relevant suggestions for the prevention of IPO performance turnaround and audit risk.Focusing on the research topics above,this paper firstly combs and reviews domestic and foreign literatures from the current study of IPO performance turnaround,IPO audit risk and its impact,and IPO audit risk prevention and control measures.Secondly,we defined the concept of performance turnaround and audit risk,as well as the principal-agent theory,Gone theory and total risk management theory.Thirdly,using financial indicators such as solvency,profitability,operating capacity and growth capacity,we explain the performance turnaround before and after the IPO,and put forward the audit risk under the IPO performance turnaround of Yuebo Power;Besides,we analyze the impact factors of audit risk under the IPO performance turnaround of Yuebo Power from regulatory,accounting and audited companies aspects;In the end,we put forward risk control measures from regulatory,accounting and audited companies aspects,which are increasing penalties for violations,improving the audit supervision,improving the system of certified public accountants,raising the barriers for partners of auditing firm to entry,evaluating the effectiveness of internal control of auditees,strengthening the intensity of auditing,enhancing internal control management and optimizing equity structure,etc.The innovation of this paper is mainly reflected in the following two aspects :(1)innovation of research perspective.In this paper,the change of IPO performance of Yuebo Power was combined with audit risk to carry out research,which enriched the theoretical results in this field to a certain extent,and there was some innovation in the perspective of research.(2)Research content innovation.Through the analysis of the performance changes before and after the IPO,this paper explores the influencing factors of the audit risk under the performance changes and the prevention and control measures for the audit risk,which is innovative in the research content.