Research On The Identification And Prevention Of Audit Risk Of Film And Television Enterprises

With the continuous development of the film and television industry,the film and television enterprises’ illegal behaviors emerge in an endless stream,which is not conducive to the stable development of the capital market,nor to the healthy development of the film and television industry.As the "gatekeeper" of the capital market,accounting firms should improve their practice quality and ensure the quality of information disclosure in the capital market.In order to improve audit quality,accounting firms should strengthen the identification and prevention of audit risks.Firstly,the author classifies the related research,and then to a brief overview of film and television enterprise and its status in the audit,and then based on the modern risk-oriented audit theory and principal-agent theory,the Angle of accounting firms,audit risk can be divided into material misstatement risk and check risk,with Beijing culture as a case study,analysis of the film and television enterprises audit risk,And put forward prevention suggestions to audit risk.Through research findings:(1)There are many differences between film and television companies and general industry companies.For certified public accountants,the risk of material misstatement at the financial statement level of film and television companies includes operational risk and failure of internal control,among which operational risks include market risk,staff turnover and strict supervision.At the recognition level,the risk of material misstatement mainly includes the complexity of revenue recognition and goodwill impairment,the complexity of initial inventory recognition and subsequent measurement.(2)When conducting audit work on Beijing Culture,Zhongxi CPA Firm is faced with risks mainly including operation risks caused by policy changes and market changes,fraud risks caused by performance commitment,and material misstatement risks at financial statement level caused by imperfect corporate governance and internal control defects.The risk of material misstatement at the three recognition levels of inappropriate revenue recognition time,impairment of goodwill and impairment of inventory,as well as the inspection risk caused by insufficient experience of accounting firms and certified public accountants in the film and television industry,lack of professional skepticism,and inadequate implementation of audit procedures;(3)certified public accountants,certified public accountants can take many measures aiming at the existing audit risk of listed companies for both television and film to protect against it,including through accurate identification enterprise management risk,focus on performance,evaluation of enterprise internal control effectiveness,focus on inventory is accuracy and completeness,goodwill,and keep the audit personnel professional skepticism,culture,film and television industry.Now on the study of audit risk is very common,but for film and television industry research to audit risk are limited,in this paper,the audit risk has carried on the detailed analysis of film and television companies,fill the gaps in the film and television enterprises audit risk research,also for the future of film and television enterprises to carry out the audit work of certified public accountants put forward the significance,doing them a better identification of audit risk,Ensure audit quality.In the long run,it is also conducive to the healthy development of the capital market.