Research On Audit Risks Related To Related Guarantees Of Listed Companies And Their Responses

As a credit enhancement mechanism,guarantees are widely used in market economies.The provision of related party guarantees by listed companies is conducive to alleviating the financing pressure of related party credit and solving their financing difficulties.However,in recent years,with the increase of related party guarantee business,the problem of related guarantee violations of listed companies has intensified,but it has brought financial and production and operation risks to itself,and may even cause the company to fall into financial difficulties and cannot extricate itself.However,the related party guarantee is concealed,and the auditee may deliberately conceal it,which makes it difficult for auditors to discover undisclosed related party guarantees;In addition,the audit risks associated with associated guarantees will be higher if audit staff lack the necessary professional competence or if the audit procedures performed are flawed.Therefore,based on the above practical needs,the main research questions in this paper are: What are the audit risks and the corresponding countermeasures of related guarantees?The increasing number of related guarantee violations has brought strong theoretical demand,but some studies have rarely combined related guarantee and audit,and the related guarantee audit still lacks sufficient theoretical basis,which is difficult to meet the actual needs of auditors.Therefore,the characteristics of this paper are that the audit risks behind the related guarantees of listed companies are analyzed,combined with representative violation cases of related guarantees,and corresponding audit measures are proposed for risks.The structure of the article is as follows.First,the relevant theoretical achievements and actual situation of related guarantees of listed companies are sorted out,and research questions are proposed accordingly.Second,on this basis,using the risk-oriented audit theory,the cases of related guarantee violations of listed companies are selected,and the audit risks of related guarantees are analyzed from the two aspects of common audit risks and audit risks closely related to related guarantees.Third,audit countermeasures covering all stages of audit are proposed for related guarantee audit risks.Through the above research,in terms of theory,this paper hopes to improve and enrich the relevant theories of related guarantee auditing.In practice,this paper hopes to promote enterprises to strengthen the construction of governance structure and internal control,standardize the behavior of related guarantees,and at the same time,provide more reference for auditors to carry out related guarantee audits.