IPO Audit Risks Identification And Prevention Of Scientific Innovation Board Enterprises

The establishment of the Scientific Innovation Board is an inevitable choice for China to meet the new challenges of the world and continue to promote the structural reform of the financial supply side,so as to lay an important foundation for promoting the high-quality development of our country.After the steady development for a period,the board in our country has turned out to be an important financing channel for the science and innovation enterprises.In the future,high-tech enterprises will successively land on the board.The particularity of the Board and the improvement of the intermediaries’ responsibilities lead to a significant increase in the audit risks faced by certified public accountants,and thus how to take effective methods to identify the audit risk of IPO and reduce the audit risk has become an urgent problem to be studied and solved at this stage.By comparing the listed enterprises and relevant systems with those on the Main Board,Small and Medium-sized Board and Gem,this paper finds that the Scientific Innovation Board has the characteristics of emphasizing the attributes of science and innovation,reducing financial indicators,shortening audit time and high requirements for information disclosure;enterprises have the characteristics of small scale,concentrated in high-tech industries and high business risks.Based on the above characteristics,this paper further analyzes the audit risks,including the technical and operational risks,internal control risks,R & D investment and intangible asset identification risks caused by emphasizing the science and innovation attributes;the recognition risks of operating income and accounts receivable caused by reducing financial indicators;the risks caused by strict information disclosure;fraud risks caused by listing financing needs;inspection risks caused by lack of IPO experience on Scientific Innovation Board and defects in quality control mechanism.Secondly,this paper identifies the major misstatement risk and inspection risk,and discusses the above contents based on A company of Scientific Innovation Board.Finally,this paper puts forward countermeasures from the perspective of certified public accountants.In view of the material misstatement risk,this paper suggests that certified public accountants need to deepen understanding of the enterprises on the Scientific Innovation Board,focus on the attributes of science and innovation,and improve audit procedures of key risk projects such as operating income and R & D investment.In view of the inspection risk,this paper suggests that certified public accountants need to improve their professional ability,maintain the spirit of professional skepticism and strive to build Scientific Innovation Board audit database to reduce the inspection risk.The innovation is that the establishment time is short,and the relevant theories are not perfect at present.This paper systematically summarizes the characteristics of Scientific Innovation Board by using the latest industry data,and deeply analyzes the audit risks causes by emphasizing the attributes of science and innovation and reducing financial indicators.In addition,the case enterprise selected in this paper is more representative.It is the first enterprise to be taken administrative supervision measures by the CSRC.Tianjian certified public accountants,which performs IPO audit business,also received a warning letter.This paper also analyzes the risks from the perspective of certified public accountants and puts forward corresponding specific countermeasures,so as to provide guidance for the IPO audit of Scientific Innovation Board.