China News Service, Beijing, April 16 (Reporter Zhao Jianhua) China's listed companies have entered the stage of disclosing their 2021 annual reports. The Chinese Institute of Certified Public Accountants (CICPA) recently interviewed accounting firms to remind relevant audit risks.
According to data disclosed by the China Association of Acupuncturists, as of April 13, 40 accounting firms had issued audit reports on financial statements for 1,577 listed companies.
Among them, there are 601 on the main board of the Shanghai Stock Exchange, 145 on the Science and Technology Innovation Board; 494 on the main board of the Shenzhen Stock Exchange, 308 on the ChiNext; and 29 on the Beijing Stock Exchange.
In terms of the types of audit report opinions, 1,571 audit reports were issued with unqualified opinions, 4 audit reports were issued with qualified opinions, and 2 audit reports were issued with unqualified opinions.
Recently, the CICPA made a written interview with Zhongshenhua Certified Public Accountants (special general partnership), suggesting the risks of auditing the annual reports of listed companies related to the large fluctuations in the performance of the Internet industry.
In the past two years, the macroeconomic development has slowed down due to factors such as the new crown pneumonia epidemic, geopolitical situation, and trade frictions. The original profit model of some Internet companies has been greatly impacted, resulting in sharp fluctuations in performance.
The CICPA reminds certified public accountants to focus on: fully understanding the reasons and impacts of listed companies' performance fluctuations; designing targeted audit procedures based on industry characteristics; designing more effective audit procedures for fraud; paying attention to internal Control effectiveness.
The CICPA also interviewed Sigma Certified Public Accountants (special general partnership) in writing to warn of the risk of auditing annual reports of listed companies that may trigger the delisting conditions.
Since 2020, the Shanghai and Shenzhen stock exchanges have implemented the reform of the delisting system, and successively issued stricter delisting standards and more detailed financial delisting indicators. Internal and external pressures and operational risks, and audit risks are relatively high.
The CICPA reminds certified public accountants to focus on: strictly doing a good job in risk assessment; paying full attention to income audit; paying attention to opening balance audit; paying attention to major non-routine transactions and abnormal situations.
(Finish)