A Case Study of IPO Audit Risk Identification and Countermeasures Under the Registration System Based on Jiangsu Sainty Group

Yingbo Gao
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Yingbo Gao: Capital University of Economics and Business, Accounting School

A chapter in Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025), 2025, pp 204-212 from Springer

Abstract: Abstract The reform of the registration system signifies a reduction in the IPO threshold for firms, resulting in the advantages of fraudulent activities significantly outweighing the costs of such illicit actions. The CSRC’s transition from primary auditor to a covert regulatory role has placed the responsibility on institutions like accounting firms to guarantee superior financial reporting and disclosure during public offerings. The recurrent occurrence of IPO fraud and illicit activities starkly illustrates the in-sufficiency of the audit monitoring framework in some sectors. This study initially presents the existing research context and its importance, synthesizes the research findings, and establishes a framework for subsequent investigations. Secondly, it elucidates the current state and prospective trajectory of IPO audit risk. The IPO audit risk is exemplified by the case of Jiangsu Sainty Group’s IPO audit failure, with pertinent financial data utilized for analysis. Two views are ultimately suggested to enhance the quality of IPO audits. Initially, enhance the corporate governance framework. Secondly, enhance the efficacy of internal control.

Keywords: IPO; Audit Risk; Registration System (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-702-1_22

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DOI: 10.2991/978-94-6463-702-1_22

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