Study On The Audit Risk Of NEEQ High-tech Enterprises

On September 21,2021,the Beijing Stock Exchange announced its establishment.So far,the deepening reform of the National Equities Exchange and Quotations(NEEQ)market has opened a new chapter.However,due to the low threshold for listing on the NEEQ and the poor quality of enterprises,audit failures often occur in the market,so it is necessary to focus on the audit risks of NEEQ companies.In addition,there are many high-tech enterprises in the NEEQ market.Therefore,this paper selects Blue Mountains Technology as the research object,which is representative.Past audit risk research has rarely focused on high-tech enterprises in the NEEQ market,and most of them are theoretical studies that lack practical application value.By studying the audit risks of high-tech enterprises in the NEEQ market,this paper can provide suggestions for the response to audit risks,and at the same time provide recommendations for the regulators.In addition,the research on the audit risk of Blue Mountains Technology has a certain contribution value in deepening the reform of the NEEQ and maintaining the healthy operation of the market.This paper adopts the literature research method and the case study method.On the basis of reading the past studies,after a preliminary analysis of audit risks of the NEEQ high-tech enterprises,a specific analysis of the case enterprises of Blue Mountains Technology is made.First,explain the basic situation of the case enterprise from six aspects.Second,follow the audit risk model to conduct an analysis of the audit risks of the case companies.Third,further study the causes of audit risks,in order to provide suggestions for future auditors’ work of NEEQ high-tech enterprises and put forward relevant policy improvement suggestions.The research conclusion of this paper is: Blue Mountains Technology has the risk of material misstatement at the financial statement level related to management fraud,affiliate transactions,and the qualification of high-tech enterprises.And there is a risk of material misstatement at the assertion level related to revenue,research and development expenses,and intangible assets.Detection risks are related to insufficient professional competence,improper allocation of audit resources,and mere formality of audit procedures.The suggestions made in this paper include: 1.When auditors assess the risk of material misstatement,they should pay attention to the characteristics of the enterprise,understand the financing needs and sources,be alert to implicit affiliate transactions,and pay attention to the authenticity of high-tech enterprise qualification;2.Auditors should reduce the detection risks by assigning professional staffs,allocating audit resources reasonably,and maintaining professional skepticism;3.Supervisors can optimize the working environment of auditors from three aspects: audit fees,hierarchical audit supervision,and accounting supervision risk reminders.The innovation of this paper is: 1.The Blue Mountain Technology case is new and representative;2.This paper supplements case studies in the field of audit risk of NEEQ high-tech enterprises;3.From the perspective of annual report audit rather than special audit,it pays attention to the audit risks related to the qualification of high-tech enterprises.