1、Light group furniture Co., LTD (2009),Team members:weiliujun zhoulei dongyi zhangxiaoli luyanyan gengxin,The risk of material misstatement on level of financial statement,the faith problem of the managementthe weak control environment,The risk of material misstatement on level of assertion,Transfer
2、huge losses or fabricate complex transactions by related party transactions The high share of significant amount of individual accounts receivable Accounts receivable hangs for so long period,Transfer huge losses or fabricate complex transactions by related party transactions,The high share of signi
3、ficant amount of individual accounts receivable,Aging analysis,Accounts receivable hangs for so long period,Some measures against risk of material misstatements on financial statements level:,To thead hoc group stressed in the process of collecting and evaluating audit evidence to maintain professio
4、nal skepticismAssigning more experienced or audit staff with special skills, or the use of experts Provide increased steering and broadening the scope of audit procedures. For example, expand the sample size, or with more detailed data analysis program.,For identified significant misstatements risk responses,Understanding and reasonable assessment of enterprise strategic risk. Reasonable assessment of enterprise risk significant misstatements. Developed specific audit procedures, including the General audit and further audit procedures.,The End,
