Research On Audit Risks Of Communication Equipment Manufacturing Enterprises In NEEQ

The national share transfer system for small and medium-sized enterprises is a crucial step for China to improve the efficiency of investment and financing,better serve innovative small and medium-sized enterprises and improve the quality of the real economy.In January 2006,the new star of the new third board began to show its edge in the coming spring.In late 2013,these enterprises developed well.Therefore,the new third board broke through the restrictions of the pilot area,and began to receive listing applications from non-listed enterprises nationwide,resulting in the rapid expansion of the market.In September 2021,the State Council approved the establishment of the Beijing stock exchange to further promote the reform of the new third board.The management system of the new third board has also changed from extensive to fine.But the access threshold of enterprises on the new third board is lower than the main board,and the regulatory measures are not perfect.In the context of the continuous expansion of the market,thunderstorms occur from time to time in the new third board.Therefore,accounting firms should pay more attention to reducing the audit risk.The paper aims to combine the particularity of the communication equipment manufacturing industry and the external environment characteristics of the new third board market.On this foundation,it explains how the communication equipment manufacturing enterprises on the new third board should identify audit risks and how to prevent them.Based on the existing literature research on audit risk,financial fraud,industry expertise and audit risk,the paper summarizes the development of the new third board and communication equipment manufacturing industry,and analyzes the audit risks in the institutional environment and industry characteristics.Taking Zhongxingcai Guanghua’s audit of blue mountain technology as an illustration,the paper not only increases the consideration of enterprise behavior but also distinguishes the audit risk points of blue mountain technology from the perspective of major misstatement risk and inspection risk.We can say that from the perspective of financial statements,certified public accountants are not careful in the risk assessment of fraud motivation caused by potential business risks,controlling environmental risks,impacting the selection layer and cash flow tension,and the risk assessment of fraud motivation caused by equity and asset pledge;At the recognition level,it did not pay attention to the risks of concealing related party transactions,fabricating business,manipulating profits and capitalization of R & D expenditure.The inspection risk is due to the defects of the firm’s project quality management and the inadequate implementation of the CPA’s audit procedures.Finally,aiming at the above risk points,the paper puts forward some suggestions on the audit of communication equipment manufacturing enterprises of the new third board from the perspective of major misstatement risk and inspection risk,hoping to improve the audit quality of these enterprises for some time to come..