Research On Audit Risk Control Of T Live Enterprise By Accounting Firm P

With the development of technology and the increasing need for entertainment,webcast appears in the public gradually.It draws attention of a large group of people rapidly.Its number of users and the size of the market expand rapidly.The live enterprises that rely on the Internet have a big risk in its system.Meanwhile,the fierce competition leads to high business risk and fraud risk.Some other factors such as large transactions and complexity make the auditor encounter higher audit risk.However,accounting firms are lacking experience in auditing practice and there are no clear standards and regulations that can be referred to.This thesis to explores this issue by applying the theory related to audit risk control and combining it with P firm’s annual report of T company in the webcast industry.Firstly,we study the literature related to audit risk control and webcast industry by domestic and foreign scholars to understand their research results and shortcomings.Then we analyze the characteristics of webcast enterprises and the audit risk factors that are quite common in this industry.Finally,we analyze the audit risk faced by T case company from two levels,including material misstatement risk and detection risk.And propose specific control measures.Through the research and analysis above,this thesis draws conclusions as follows.The fierce competition in webcast industry,the strict regulatory environment,the high reliance on information systems for business,and the great uncertainty in revenue recognition all increase the risk of material misstatement in financial reports.The lack of knowledge of CPA for webcast industry and information systems,and the traditional,lack of unpredictability audit techniques and methods all increase the detection risk encountered by auditors.In response to the audit risk faced by T enterprise,this thesis proposes the following audit responses and suggestions:(1)Implement comprehensive risk assessment procedures for the audited entity;(2)Implement internal control testing for the audited entity;(3)Implement comprehensive substantive procedures for the risk of misstatement at the assertion level;(4)Introduce audit software and big data to assist auditing;(5)Improve the comprehensive qualities of auditors through constructing diversified talent structure and enhancing training;(6)Strengthen the supervision and review of audit quality in terms of the firm.