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

DOI

10.2991/978-94-6463-702-1_22How to use a DOI?

Keywords

IPO; Audit Risk; Registration System

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.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yingbo Gao
PY  - 2025
DA  - 2025/05/05
TI  - A Case Study of IPO Audit Risk Identification and Countermeasures Under the Registration System Based on Jiangsu Sainty Group
BT  - Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
PB  - Atlantis Press
SP  - 204
EP  - 212
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-702-1_22
DO  - 10.2991/978-94-6463-702-1_22
ID  - Gao2025
ER  -