Research On The Listed Audit Risk Of The New Third Board Selection Layer

In recent years,China has continuously promoted the reform of the new three board market,and the new three board market has been divided into basic layer,innovation layer and selection layer.On September 3,2021,Beijing Stock Exchange Limited Liability Company was established.The listed companies of the new three board selection layer can be directly translated to the listing of the North Stock Exchange,which is the upgraded version of the new three board selection layer.Before the opening of the North Exchange,many innovative enterprises with good momentum of development and widely recognized failed in listing of the new three board selection layer,causing widespread concern.Based on the latest developments in the new third board market,this paper discusses the audit risk of the selective listing enterprises in the new third board and the measures of accounting firms and certified accountants to deal with the audit risk of the selective listing.Firstly,this paper uses literature research method to grasp the overall characteristics of audit risk,new three board listing audit risk and audit risk control,and then further obtains the characteristics of new three board selection layer listing audit risk through comparative analysis.Finally,this paper uses case analysis method to take Beijing Shengborun High-tech Co.,Ltd.as an example to analyze the specific audit risk faced in the new three board selection layer listing,and analyzes from three dimensions of major misstatement risk at the financial statements level,major misstatement risk at the identification level and inspection risk.Finally,from the new three board listed companies major misstatement risk and inspection risk faced by listed companies two aspects of the new three board selected layer listed audit risk control recommendations.It is found that the risk of significant misstatement at the financial statements level is obvious when the Shengborun new third board is listed.Its urgent equity financing needs,weak internal control,uncertainty in continuous operation and lack of continuous scientific research and innovation ability need to pay special attention.In addition,the level of recognition,accounts receivable bad debt preparation is insufficient,inventory accounting is not accurate and inventory impairment preparation collective insufficient,R & D investment division is not accurate.The inspection risks come from the lack of knowledge and experience in the CPA industry,the influence of independence and the insufficient business quality control of accounting firms.According to the above risks,this paper gives corresponding audit risk control suggestions.The innovation and application significance of this paper is that there is little research on the audit risk of the new third board.The analysis of selected cases in this paper can supplement the theoretical research on the listed audit risk of the elites in the new third board,and also provide ideas for the enterprises in the innovation layer of the new third board to reduce the audit risk when applying for the IPO of the Beijing Stock Exchange,which has reference significance and warning effect.