Research On Financial Statement Audit Risk Of New Retail Enterprises

As the development of the traditional retail industry gradually enters a period of decline,the rapid development of Internet technology provides a driving force for its transformation and upgrading,resulting in new retail enterprises based on technology as a means and data.The focus of "new retail" is from the production side to the consumption side,and it is a data-driven pan-retail model centered on consumer experience.Comprehensive informatization and digitalization are the driving force for the development of new retail enterprises,and the emergence of modern logistics provides opportunities for the development of new retail enterprises.Relying on the modern logistics system,the once independent online and offline channels can be closely combined and complement each other,so that consumers can enjoy the convenience of online e-commerce and the experience advantages of offline physical stores at the same time,which conforms to the trend of improving consumer consumption level and is an inevitable choice for the innovation and development of China’s traditional retail industry.The emergence of new retail enterprises has also had a significant impact on the audit industry.Based on the particularity of the business model of new retail enterprises,the audit risk of the audited object’s financial statements will also increase.Correspondingly,the firm needs to change the traditional audit method to cope with audit risks,and these changes also put forward higher requirements for the ability of the firm’s auditors.Therefore,it is necessary to study the characteristics of the business model of new retail enterprises and analyze their impact on audit risks,which is helpful to provide necessary measures for firm auditors to reduce audit risks.The main content of this paper is to explore the business model of new retail enterprises under the background of the rapid development of the Internet,analyze the impact of this model on the audit of financial statements and the possible audit risks,and propose effective risk prevention measures through case analysis.This paper first introduces the research background,research significance and literature review in detail in the introduction part,and then expounds the development background,business model and audit risks that may be caused by the business model of new retail enterprises through theoretical analysis.Finally,combined with the financial statement audit cases of new retail enterprises,the risk factors related to the business model and characteristics of new retail enterprises are deeply explored,the audit risks identified in the audit process are analyzed,and effective risk prevention measures are proposed.According to the research of this paper,the characteristics of the business model of new retail enterprises and their impact on the audit environment,audit methods and audit content are summarized,and the risks of material misstatement at the financial statement level,the risk of material misstatement at the identification level and the inspection risk of the firm are summarized in the audit work,and finally specific risk countermeasures are proposed from three dimensions,including the perspective of the accounting firm,the enterprise itself and the third party.In order to provide reference for the auditors of the firm to reduce the audit risk of the financial statements of such new retail enterprises.