天职国际会计所收监管函审计大洋电机违规

Core Viewpoint - Tianzhi International Accounting Firm received a regulatory letter from the Shenzhen Stock Exchange for violations during the audit of Dayang Electric's 2023 financial statements, highlighting deficiencies in audit procedures and internal controls [1][2][6]. Group 1: Violations Identified - Tianzhi International failed to adequately execute risk assessment and internal control testing procedures, including insufficient execution of walkthrough tests and control tests [1][5]. - The firm did not properly conduct audit procedures related to revenue, inventory, and costs, including inadequate testing of revenue recognition, inventory impairment provisions, manufacturing expenses, accounts payable, government subsidies, and other receivables [1][5]. - There were deficiencies in confirmation, audit sampling, and the use of expert work, such as not investigating discrepancies in confirmation letters and inappropriate sampling methods [1][5]. Group 2: Regulatory Framework - The actions of Tianzhi International violated multiple articles of the Shenzhen Stock Exchange's "Stock Listing Rules (Revised August 2023)," including Article 1.4, which mandates compliance with laws and regulations by all parties involved in significant transactions [2][3]. - Article 12.1.2 emphasizes the need for intermediary institutions to act diligently and ethically, which was not adhered to by the auditors involved [2][3]. - Article 12.3.3 requires accounting firms to maintain a risk-oriented audit approach and to execute audit procedures thoroughly, which was also not followed in this case [2][4].