What is the new trend in accounting risk?

Last year, the audit firm was not peaceful, and many domestic firms were notorious, and listed companies died up and down.

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Major challenges faced by the accounting industry: 1. The challenges brought about by the transformation from traditional accounting methods to new software require accounting practitioners to constantly update their knowledge and improve their skills; 2. The challenges caused by the high salary expectations of employees and the disorderly competition caused by too many personnel in the industry; 3. New forms of business continue to emerge, and the professional requirements of new traditional accounting are also constantly improving.

Significant challenges facing the accounting profession.

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Major challenges faced by the accounting industry: 1. The challenges brought about by the transformation from traditional accounting methods to new software require accounting practitioners to constantly update their knowledge and improve their skills; 2. The challenges caused by the high salary expectations of employees and the disorderly competition caused by too many imitations of industry personnel; 3. New forms of business continue to emerge, and the professional requirements of new traditional accounting are also constantly improving.

the challenge of the weight-based approach to accounting supervision; Challenges to the basic standards of accounting due to the imperfect or even conflicting policies and legal systems; The department is cautious of the challenges to the scientific and fair accounting driven by the interests of units and small groups; the general lack of social integrity and professional ethics challenges to accounting integrity and financial management; The challenge of the discordant accounting environment to the standardization of accounting behavior, and so on. The challenges of technical and operational factors mainly include: the challenges of the social conditions accelerated by Li Dou's informatization to the operation mode of ordinary computer accounting; the challenges of the development of the knowledge economy to traditional accounting work; The gradual improvement of the market competition mechanism challenges the quality of the company's corporate accounting management; Financial strategic management requires accounting to challenge traditional accounting management methods; the challenge of the artistic treatment of financial accounting work to the scientific nature of accounting; the challenges of the internationalization of the world economy to the nationalization of accounting; challenges to accounting management from the development of multiple economic sectors, and so on.

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The challenges faced by the accounting profession include the following: Technological Change: As technology continues to advance and become more widespread, the accounting profession is facing the challenges of digitalization, automation, and intelligence.

Accountants need to continuously learn new technologies, such as artificial intelligence, big data analytics, blockchain, etc., to improve efficiency and accuracy in response to changes in competition and customer needs. Regulatory changes: Regulatory requirements for accounting and financial reporting are constantly changing across countries** and regulators, and accountants need to stay aware of and comply with new regulations to ensure compliance and accuracy.

International competition: Globalization has brought about international competition, which makes the accounting industry need to face a more fierce competitive environment. Accountants need to have an international perspective and the ability to communicate across cultures in order to expand their business scope and improve the quality of their services.

Talent shortage: The accounting industry needs high-level professionals, but the current shortage of accounting talent is relatively common. Accountants need to continuously improve their quality and professional skills to meet the needs of the industry and enhance their competitiveness.

Diversification of customer needs: The diversification and personalization of customer needs is another challenge facing the industry. Accountants need to understand the needs and characteristics of their clients, and provide personalized services and solutions to meet the different needs of clients.

There are many factors influencing the financial risk of an enterprise, both external and internal reasons. And the reasons for the formation of different financial risks are also different. Its internal reasons mainly include improper scale of fundraising, improper structure of funds**, and improper methods of fundraising.

The main external reasons are market risk, interest rate changes and price risk. Specifically, it is mainly manifested in the following aspects:

1) Complex and changeable external environment As the main body of the market, enterprises have different adaptability to the external environment, and the external environment is the end condition for the financial decision-making of enterprises, including the economic environment, legal environment, market environment and other factors. These factors, while existing outside the company, will undoubtedly have a significant impact on the company, which will inevitably require business decision-makers to adapt more to their changes. Whether an enterprise can adapt to its changes depends on its future profitability, and depends on the growth of the company's capital scale, main revenue and profits.

2) The financial management personnel of the enterprise have insufficient understanding of the objectivity of financial risks. As long as an enterprise has financial activities, there will inevitably be financial risks. In real work, many financial managers have weak risk awareness, in order to increase sales and expand market share, they use credit sales to sell products, and the accounts receivable of enterprises have increased significantly.

At the same time, due to the lack of understanding of the customer's credit rating in the process of credit sales, the lack of control, blind credit sales, resulting in the loss of control of accounts receivable. A large proportion of accounts receivable remain uncollected for a long time until they become bad debts. The assets have been occupied by the debtor for a long time without compensation, which seriously affects the liquidity and safety of the company's assets and brings huge financial risks to the enterprise.

3) The scale of financing is inappropriate. Generally speaking, companies should raise funds according to their own requirements. If the scale of investment is large and the amount of funds raised is small, it may lose the opportunity to make a profit; If the investment scale is small and the funds raised are large, it may lead to idle funds, unable to make full use of the funds, increase financial costs, and cause financial risks.

At present, China's financing methods generally have **, bonds, loans, financial leasing and commercial credit, etc., different financing methods have their own advantages and disadvantages, if the choice is not right, it will increase additional costs, affect capital turnover and cause financial risks.

4) Poor liquidity and profitability of assets. The liquidity of assets generally refers to the liquidity of assets, and the lack of funds and inventory backlog are manifestations of weak liquidity; In addition, in the long run, if an enterprise wants to resist financial risks, it must have good profitability, because profit is the long-term and stable capital of the enterprise, and it is also the guarantee of debt repayment and credit of the enterprise. The profitability of an enterprise can be reflected by indicators such as net profit margin on total assets and net profit margin on shareholders' equity.