| With the improvement of China’s national income level,people put more energy into the pursuit of health and health preservation.The vigorous development of the medical market has also led to the rapid rise of the medical device industry.Since the outbreak of COVID-19,the market demand for medical devices is more vigorous.Under the dual promotion of environment and policy,China’s medical device enterprises are ushering in their golden age.However,at present,there are still some problems in China’s medical device market,such as low degree of centralization,single products,insufficient R & D capacity of high-end products,and vulnerable to national policies.In order to improve the competitiveness of the industry and achieve rapid development,financial fraud and other violations have been exposed repeatedly,which not only destroys the operation order of the capital market,but also brings great challenges to accounting firms.In order to improve the audit quality of certified public accountants and strengthen the identification,evaluation and prevention of audit risks of medical device enterprises by accounting firms,this paper analyzes and summarizes the influencing factors of audit risks of medical device enterprises.On this basis,Qianshan Yaoji is selected as the case study object,the existing audit risks are analyzed by case analysis method,and the prevention suggestions for audit risks of medical device enterprises are put forward.Based on the information asymmetry theory,principal-agent theory and modern risk oriented audit theory,combined with the audit risk model,this paper analyzes and studies from the two levels of major misstatement risk and inspection risk.The research finds that:(1)For the medical device industry,the influencing factors of major misstatement risk include imperfect internal control,fierce competition in the industry,frequent mergers and acquisitions,chaotic monetary fund management Operating income fraud and non-compliance of related party transactions;The influencing factors of inspection risk include the professional suspicion of certified public accountants,the perfection and implementation effect of audit procedures.(2)Qianshan Yaoji has weak internal control,lack of integrity of the management,blind business expansion,high pressure of market competition,poor performance,facing the threat of delisting,non operating occupation of related parties,recognition of operating revenue and risks related to monetary funds,which affect its major misstatement risk;Failure to maintain due professional suspicion and professional prudence,inadequate design and implementation of audit procedures and neglect of quality control affect their audit risks.(3)Accounting firms can take various measures to prevent the audit risks of medical device enterprises,including effectively identifying and evaluating the risk of material misstatement by strengthening the internal control risk,operation risk,merger and reorganization risk,monetary capital risk,income recognition related risk and related party transactions;Combined with the characteristics of the medical device industry,improve the audit procedures,and strengthen the quality control of accounting firms by strengthening the cultivation of professional skepticism of certified public accountants and business quality control,so as to reduce the detection risk.While enriching the relevant theoretical basis,this paper hopes to provide reference for accounting firms to identify,evaluate and prevent audit risks of medical device enterprises in the future,promote the improvement of audit quality of medical device enterprises,and bring some help to maintain the market order of medical device industry and promote the healthy and sustainable development of medical device enterprises. |
