D Certified Public Accountants For H Agricultural Listed Companies Audit Risk Identification Study

As the foundation of national economy construction and development,agriculture plays a vital role in the long river of human history.However,in recent years,the performance of agricultural enterprises in the capital market is not satisfactory,financial fraud in agricultural enterprises emerge in an endless stream has also caused the attention of the masses.In many cases,if the firm does not follow the relevant procedures as required in the audit process,it will ignore the risks of the enterprise.In order to help auditors identify audit risks more accurately and comprehensively,the application of performance attribution analysis in audit risk identification is explored.This paper expounds the concept,approach and influencing factors of audit risk identification.The characteristics of agricultural enterprises and the special conditions of audit risk in agricultural enterprises are summarized.From business to undertake stage,stage of the audit plan,audit implementation stage,and audit completed stage of D firm audit risk identification process is analyzed,found that D firm has quality control deficiency of in-depth understanding of the auditees and environment,and lack of professional suspicion,certified public accountants audit implementation program is not in place.Combined with the punishment imposed by THE CSRC on FIRM D,rational economic man,information asymmetry and "domino" theory are used to analyze the reasons why Firm D failed to identify the material misstatement risks disclosed by the CSRC.The findings were mainly due to the fact that FIRM D overconsidered the acquisition cost of audit evidence for the reason of"rational economic man",information asymmetry between FIRM D and AGRICULTURAL enterprise H,and multi-link audit risks caused by "domino" effect.In this paper,the performance attribution analysis method is used to identify audit risks of H agricultural listed company from the two aspects of internal attribution and external attribution,and finally it is identified that H enterprise has significant misstatement risks at the financial statement level in terms of business strategy,industry competition and going concern,and has existential identification risks in inventory accounts.Assets impairment loss and financial expenses are subject to the occurrence of identification risk.By comparing with the audit risks disclosed in the punishment decision of CSRC,performance attribution analysis provides the possibility for firms to improve the efficiency of audit risk identification as a method with simple operation,low cost and difficulty to be targeted intentionally by the auditees,although all risks cannot be identified.In view of the problems existing in the process of audit risk identification of D firm and the application of performance attribution analysis,it provides some guarantee measures for improving the audit risk identification ability of accounting firm.In conclusion,performance attribution analysis is an effective method to identify audit risks,which can make audit risks more easily discovered,thus laying a foundation for auditors to provide better preventive measures.In the foreseeable future,more and more firms will combine the performance attribution method to identify audit risks of the auditees so as to reduce audit risks to an acceptable level to a greater extent.