Research On Audit Risks And Countermeasures Of High-tech Enterprises

At this stage,high-tech enterprises are the key support objects of the state,and continue to promote the transformation of scientific and technological innovation and technological achievements into core intellectual property rights.Resident enterprises registered in my country for more than one year(except Hong Kong,Macao and Taiwan)are in the economic structure of my country.It has an indispensable position in the transformation.High-tech enterprises not only enjoy state subsidies and a 10% reduction in corporate income tax,but also receive support from bidding business and local government policies.The Measures have been revised,and the threshold for becoming a high-tech enterprise has been relaxed.More and more resident enterprises want to become a high-tech enterprise.In recent years,more than 20% of new high-tech enterprises have been added every year.Because of their particularity,high-tech enterprises have high market competitiveness and high operating risks,so they also have high audit risks.In recent years,audit failures of high-tech enterprises in the capital market have emerged one after another.For example,Green Earth,Jinya Technology,Soling ltd.Therefore,audit practitioners need to have a better understanding of the audit risks of such enterprises during the audit process,and design sufficient and effective audit procedures to improve audit quality.The research of this paper is mainly based on case analysis,combined with the literature data for discussion.Based on the review of domestic and foreign literature about audit risk and the audit status of high-tech enterprises,this paper divides it into two types: "material misstatement risk" and "checking risk",and discusses the corresponding countermeasures.This paper analyzes the audit risk of Soling Co.,Ltd.,and proposes countermeasures for its audit risk based on the recent case of Ruihua Certified Public Accountants’ failure to audit Soling Co.,Ltd.,which was punished by China Securities Regulatory Commission.After analysis,the major misstatement risks of Soling Co.,Ltd.at the level of financial statements are market environment and industry competition risks,internal control risks and the risks of development strategy change;the major misstatement risks at the identification level are operating income,related party transactions,receivables Risks such as payment and research and development expenses.The key to inspection risks comes from insufficient implementation of audit procedures,lack of due professional skepticism of auditors,insufficient audit independence,and issues of firm project quality control.Based on the above risks,the author proposes corresponding countermeasures.The innovation of this thesis lies in the analysis of the subdivision company type of high-tech enterprises.Combined with the modern risk-oriented audit model,it points out many issues that companies of the same type in my country should pay special attention to in the whole process of auditing in the future.The proposed recommendations are comprehensive and informative.The shortcomings of this paper are: because of the author’s limited ability and the strong professional ability of hightech enterprises,this paper lacks in-depth and complete practical steps,and the author will strengthen it in future practice.