How to Prevent and Resolve Capital Verification Risks?
(I) Clarify six boundaries. To guard against capital verification risks, in addition to implementing general audit quality control and maintaining due professional caution, for the specific content of capital verification services, during the practice process, attention should also be paid to clarifying the following six aspects:
1. Distinguish whether assets are invested with usage rights or ownership rights. If investors invest with asset ownership rights, certified public accountants must obtain evidence that the actual transfer of the invested property rights has occurred. For example, when the investing party invests with goods, relying solely on the investment goods list provided by the entity being verified is insufficient; one should obtain legal invoices as well as receipt documentation and on-site records from the receiving party. If the investment is made with the usage rights of assets, it becomes relatively more complex and should be distinguished based on different situations. Generally speaking, where national laws and regulations have specific provisions, it is easier to confirm. For some economic transactions without clear regulations, such as the development usage rights of rural mountainous land (without a land use certificate), non-patented intellectual achievements, labor, house (or other items) lease rights, commodity (material) distribution agency...