Research On Audit Risk Of Online Education Enterprises Under"double Reduction"

With the rapid development of Internet technology and the concept of "non-stop school suspension" during the epidemic,online education enterprises have been developing rapidly in recent years,but many problems have also appeared while growing stronger.In order to regulate industrial behaviors and maintain industrial order,the General Office of the CPC Central Committee and The General Office of the State Council issued Opinions on Further Reducing the Homework Burden and Off-campus Training Burden of Students in Compulsory Education on July 24,2021,namely the "double reduction" policy,which sets a series of strict restrictions on the education industry.Online education enterprises are faced with multiple risks such as industry regulation,customer loss and main business stripping,and their net profit has dropped significantly.The revenue recognition of online education enterprises is complicated to a certain extent,and they are generally faced with high operational risks under the current policy,and the audit risks have been significantly increased.Therefore,this paper focuses on the audit risk of online education enterprises.Combined with the modern risk-oriented audit theory,this paper firstly co mbs and summarizes the relevant researches of domestic and foreign scholars f rom the aspects of audit risk and online education enterprises.Secondly,from the perspective of the overall situation of online education enterprises,from the per spectives of industry policy supervision,the particularity of online education ent erprises themselves and audit work carried out by accounting firms,this paper makes an overall analysis of the risk of material misstatement of online educat ion enterprises at the two levels of financial statements and identification,and a nalyzes and evaluates the possible inspection risks in the audit process.It is fou nd that the audit risks of online education enterprises mainly focus on the risk of management fraud and weak control environment brought by policy and in dustry environment,as well as the r-isk of material misstatement at the identific ation level of specific accounting subjects such as income,goodwill impairment,employee compensation,research and development expenses.There are also risks of traditional audit procedures being difficult to implement and relying on infor mation systems.And combined with the risk points of the audit industry,put fo rward the general audit risk response measures.Finally,taking Doushen Educati on as an example,this paper conducts a case analysis to evaluate the risk of material misstatement at the reporting level such as business risk and managem ent fraud risk,the risk of material misstatement at the identification level such as revenue recognition and goodwill impairment recognition,as well as the risk of continuous audit by the firm.According to the assessed risk,Countermeasu res such as paying attention to the sustainable operation ability of enterprises,fo cusing on income and goodwill impairment and recognition,and increasing the unpredictability of audit procedures are proposed.The rise of online education enterprises has been relatively short.At presen t,domestic and foreign scholars focused on the research of online education ent erprises on their management model and profit model and so on,lack of in-dep th analysis of the audit risk of enterprise.This paper focuses on the aspects of enterprise management fraud,business risk,revenue recognition and so on,to eval uate and cope with the audit risks of online education enterprises,to a certain e xtent,to provide reference for other online education enterprises in the future a udit.