Research On The Identification,Assessment And Response Of The Risk Of Major Misstatement In Online Education Enterprises

Based on Modern Risk-based Audit theory and lots of cases of audit failures,the identification,the assessment and the response of the risk of material misstatement by enterprises are the focus of accounting firms in their auditing services.At present,as a new industry,Online education is in the stage of birth and development and the research on its significant misstatement risk is still in its infancy.As the industry is related to high risk factors such as the Internet,various researches on the risk of material misstatement has certain reference significance to the audit of the industries and related industries in the future.As an emerging combination of traditional education and the internet,online education has developed rapidly in recent years.However,due to the influence of China’s macro-policies on the online education sector,it is expected that the audit work of online education enterprises will be more and more rigorous in the future.So it is theoretical and practical to study the risk of material misstatement in online education industries.The article adopts literature research method and case study method,analyzes that the material misstatement risk of online education industries are from multiple angles and layers,and learn that the risks of the company A mainly come from the following aspects: macro-policies,high risks of revenue recognition,risks of data security and internal control construction is not perfect.And then,the article will put forward some targeted risk response measures which mainly include: improving relevant audit regulations and standards and responses to revenue recognition and r&d expenses and so on.The article takes A online education enterprise as an example,analyzes the material misstatement risk such as environmental regulation,industrial competition,internal controls,internet security,revenue recognition,R&D recognition and so on as the research object,and summarizes some audit experience about the material misstatement risk in online education industries.At the same time,due to the particularity of the article,it also has certain reference value for some Internet-related companies,and it is supposed to promote the audit efficiency of auditors to this type of companies and ensure the qualities.