Identification And Control Of Audit Risk Of Capital Occupation By Major Shareholders Of Listed Companies

In the domestic and foreign economic markets,the problem of capital occupation by major shareholders has always been the focus of supervision,especially in our financing market now,the threshold is higher than before,and the financing is more difficult.Some companies will choose to use their own equity as collateral to obtain external financing.In this case,the capital occupation behavior of major shareholders is more frequent.Audit,as one of the important means of external supervision,can effectively identify major shareholders’ funds occupation behavior.However,the capital occupation behavior of major shareholders is generally accompanied by higher audit risks.If certified public accountants do not do a good job of the "goalkeeper" of the enterprise in the audit implementation process and do not find the existing problems of the enterprise in time,the capital occupation behavior of major shareholders will be more widespread.In the audit process,certified public accountants shall correctly evaluate the risk of material misstatement of the listed company and carry out corresponding audit procedures based on the evaluation results.Therefore,based on actual cases,this paper studies how to effectively identify and control the audit risk of funds occupied by major shareholders of listed companies,which is of great value to effectively prevent and restrict such behavior.This paper adopts the case analysis method to study the audit of funds occupied by major shareholders of Dasoutheast Shares.From the perspective of certified public accountants,through collecting relevant information and data,it carefully analyzes the audit risks existing in the audit of Dasoutheast Shares by China Exchange.(1)The level of financial statements is mainly influenced by the industry environment of the enterprise,and the internal governance structure of listed companies is not perfect.There are three aspects of internal control defects of listed companies that lead to ineffective operation.(2)The recognition level is related to some important accounts,mainly reflected in the large balance of other receivables,long aging time,abnormal balance changes,abnormal changes in prepaid accounts and abnormal changes in notes receivable.(3)Inspection risks mainly include the lack of professional competence of certified public accountants,the lack of work experience,the lack of vigilance in the audit process,the lack of professional suspicion,the improper design of substantive procedures,the non-standard implementation and the failure to implement effective review procedures.In view of the audit risks in the audit process,the following countermeasures are proposed: For the risk of material misstatement,auditors should have a full understanding of the industry environment,ownership structure and internal governance structure of the listed company before starting the audit.During the audit process,they should design and implement scientific risk assessment procedures to accurately evaluate the risk of material misstatement,and correctly judge whether the risk is effectively operated according to the internal control of capital occupation.For inspection risks,auditors should learn professional knowledge through various channels,accumulate work experience,improve their professional quality,maintain a high degree of suspicion throughout the audit process,strictly implement audit quality control,formulate targeted audit procedures and effectively implement them,and three-level review personnel should complete the review in strict accordance with the procedures,reduce inspection risks and improve audit quality.