 Risk Analysis of Major Financial Misstatement in Agricultural EnterprisesYunjing Liang ()
A chapter in IEIS 2020, 2021, pp 23-34 from Springer Abstract: Abstract In recent years, incidents such as Lvdi, Wanfushengke and Yinguangxia being punished by the Securities Regulatory Commission of agricultural listed companies have frequently occurred. Audit risk has once again become the focus of audit practice. This article takes Gongzhun Meat Food Co., Ltd. as an example to analyze the risk of major misstatement of financial statements from the macro-environmental level and the enterprise level. Among them, the enterprise level is divided into business risk analysis, internal control risk analysis and the use of financial indicators (profit, compensation, debt and operating). After analysis, this paper believes that there are problems with the lack of internal control, false financial data, and low audit effectiveness of related accounting firms in Gongzhan Shares. It is recommended that when internal control is missing, the auditor should focus on the financial data at the end of the audit period and expand the substantive procedures and audits. And for agricultural enterprises, identify risks in special fields such as related party transactions or events. Keywords: Audit risk; Material financial misstatement; Agricultural enterprises (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-33-4363-4_3 Ordering information: This item can be ordered from DOI: 10.1007/978-981-33-4363-4_3 Access Statistics for this chapter More chapters in Springer Books from Springer |
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