XD Company Science And Technology Innovation Board IPO Audit Risk And Prevention

In order to promote the development of high-tech industry,our country launched the science and Technology Board,and began a pilot registration system.Compared with the traditional examination and approval system in China,the S&T Board System is more open and inclusive,attracting many companies to list on the S&T Board.However,the business model of sci-tech Innovation Enterprises is more difficult to be understood,because of the particularity of IPO Enterprises on sci-tech Innovation Board,which brings huge audit risks to the audit work.The case of listing failure of XD company is very representative.It analyzes the audit risk faced by XD company in the audit process,and puts forward the risk prevention plan,which can help the auditors locate and deal with the audit risk quickly.Based on the popular risk-oriented audit theory,and according to the actual situation of XD company,from the three aspects of risk analysis,risk identification,risk assessment,this paper analyzes the audit risk of XD company in the process of listing,and puts forward the prevention plan of the audit risk of the IPO Enterprises in the Technology Innovation Board.First of all,risk analysis:the basic situation of XD company is introduced,and the risk identification and evaluation process is introduced,and the causes of XD company IPO Audit Risk are analyzed.Secondly,risk identification:combined with the basic methods of risk identification,the audit risk of XD company is identified from two aspects:significant misstatement risk and inspection risk.The risk of material misstatement consists of financial statement level and recognition level.The level of financial statement is analyzed from the aspects of going-concern ability,policy environment,fraud,internal control and financial pressure The identification level is from the income,R&D Expenditure,bad accounts receivable,and the inspection risk is from the distribution of audit resources,the professional competence of accountants,and the practice quality of Accounting networks and associations.Third,risk assessment:in view of the identified audit risk,the use of comprehensive evaluation of XD company Audit Risk Assessment.Finally,risk Coping:from 14 aspects,such as deepening the understanding of the operation and industry of IPO Enterprises,paying attention to the fraudulent behavior of IPO Enterprises to meet the listing criteria,strengthening the test of the implementation of internal control,strengthening the audit of key risk projects,improving the professional competence of auditors,maintaining a high degree of professional skepticism,the paper puts forward the Prevention Plan of the audit risk of IPO of the science and Technology Innovation Board.The subject chooses XD company as the case study object,and puts forward the prevention plan of the major misstatement risk and the inspection risk,in order to provide the reference for the audit work of the listed companies on the science and Technology Innovation Board of our country.