Research On Audit Risk Of IPO On Science And Technology Innovation Board Under The Background Of Registration System

Our country carries out the registration system is the most beginning from the Shanghai Stock Exchange new establishment board-Branch and Growth Board,carries on the implementation as the registration system pilot.This is the first time for our country to establish the GEM,which provides a new platform for the financing and listing of high-tech enterprises in the early stage of development.In view of this situation,how to control the IPO risk and improve the audit quality in the process of implementing the KEB registration system in China has become the focus of CPA’s work.The research background of this paper is IPO audit risk.In the early stage,the author collates the domestic and foreign literatures about registration system,SEB,IPO audit risk.Based on information asymmetry theory,principal-agent theory and modern risk-oriented audit theory,this paper analyzes the audit risk of KEB IPO,and puts forward some measures to prevent the audit risk.In this paper,first of all,the relevant systems of KEB,enterprises and the reasons for the formation of risk were in-depth analysis.This paper chooses Tiandi Environmental Protection Company as the main body of the research,and analyzes and studies the major misstatement risk and the inspection risk faced by CPA.Based on the case study and the analysis of the IPO audit risk,this paper gives some suggestions and opinions on the major misstatement risk and inspection risk.After deeply understanding the industry and external environment of CGBB in our country,it is concluded that CPA needs to construct more appropriate audit mechanism and improve the audit method to have better influence on the audit work in order to maintain the good development trend of domestic capital market.