Research On The Audit Risk Response Of WH Group’s Cross-border Mergers And Acquisitions Of Certified Public Accountants

In order to break this dilemma,cross-border mergers and acquisitions of enterprises in other emerging industries are the choice of many traditional industry enterprises,but with the occurrence of "Tianshan Bio M&A Elephant Advertising","Guangdong Media M&A Champs-Elys" and other M&A failure cases,corporate M&A and restructuring,especially cross-border M&A,have attracted the attention of the capital market.Whether it is general mergers and acquisitions or cross-border mergers and acquisitions,in the process of mergers and acquisitions,in order to better prevent risks and reduce the possibility of merger failure,the acquirer will hire an accounting firm to audit the target enterprise,but due to the large degree of difference between the two parties in cross-border mergers and acquisitions in terms of industry development status,business model and management philosophy,certified public accountants may face more difficulties and greater risks in the audit work,so how to prevent possible risks has become an urgent problem to be solved.Based on this,this paper uses the case study method to study cross-border M&A audit risks on the basis of combing and reading the research of domestic and foreign scholars on cross-border M&A audit risks and expounding relevant basic theories.Starting from the factors affecting cross-border M&A audit risks and the particularity of cross-border M&A audits,this paper lays a foundation for the identification of cross-border M&A audit risks later.At the same time,in order to more directly and clearly show the audit risks existing in different stages of cross-border M&A,through the actual case of WH Group’s cross-border M&A J education,the identification and analysis of material misstatement risk is embedded in the three stages of enterprise M&A preparation,implementation and integration,and then combined with the inspection risk in the cross-border M&A audit process to analyze the possible audit risks in cross-border M&A.After identifying the audit risks and related inspection risks at different M&A stages,we propose audit risk countermeasures.For example,in the preparation stage of M&A,the internal and external environment of both parties to cross-border M&A should be fully understood;In the M&A implementation stage,focus on goodwill recognition and value assessment in transactions;In the stage of mergers and acquisitions,pay attention to the integration of all aspects of enterprise operation and management;For checking risks,formulate detailed audit plans and establish professional audit teams;For accounting firms as a whole,strengthen quality control,etc.Through the research,it is hoped that it can play a guiding role in auditing practice to a certain extent,and also bring some inspiration to enterprises that have made similar mergers and acquisitions.