Dark Horse Technology Group Co.Ltd(300688) audit report Tian Zhi Ye Zi [2022] No. 9763
catalogue
Audit report 12021 annual financial statement 72021 annual financial statement note 19 Audit Report
Tian Zhi Ye Zi [2022] No. 9763 Dark Horse Technology Group Co.Ltd(300688) all shareholders:
1、 Audit opinion
We have audited the financial statements of Dark Horse Technology Group Co.Ltd(300688) (hereinafter referred to as ” Dark Horse Technology Group Co.Ltd(300688) “), including the consolidated and parent company’s balance sheet as of December 31, 2021, the consolidated and parent company’s income statement, consolidated and parent company’s cash flow statement, consolidated and parent company’s statement of changes in owner’s equity and notes to financial statements in 2021.
In our opinion, the attached financial statements are prepared in accordance with the provisions of the accounting standards for business enterprises in all material aspects and fairly reflect the financial position of Dark Horse Technology Group Co.Ltd(300688) the consolidated and parent company as of December 31, 2021 and the operating results and cash flow of the consolidated and parent company in 2021.
2、 Basis for forming audit opinions
We conducted our audit in accordance with the auditing standards for Chinese certified public accountants. The “responsibilities of certified public accountants for the audit of financial statements” in the audit report further expounds our responsibilities under these standards. In accordance with the code of professional ethics for Chinese certified public accountants, we are independent of Dark Horse Technology Group Co.Ltd(300688) , and have fulfilled other responsibilities in terms of professional ethics. We believe that the audit evidence we have obtained is sufficient and appropriate, which provides a basis for our audit opinion.
3、 Key audit matters
The key audit matters are the most important matters that we consider to audit the current financial statements according to our professional judgment. The response to these matters is based on the overall audit of the financial statements and the formation of audit opinions. We will not express separate opinions on these matters. Audit report (Continued)
Tian Zhi Ye Zi [2022] No. 9763
Key audit matters how to deal with them in the audit
1、 Revenue recognition
Dark Horse Technology Group Co.Ltd(300688) as a company focusing on helping innovation and entrepreneurship, the main audit procedures we perform are as follows:
The comprehensive entrepreneurship service provider for enterprise growth divides the operating revenue into: enterprise acceleration revenue and enterprise service according to the source of income for enterprise acceleration revenue (1) we understand and evaluate the management’s understanding of Dark Horse Technology Group Co.Ltd(300688) self service revenue and other business revenue. Among them: the relevant processes of accelerating the registration of enterprise service income students to the enterprise whose income is recorded include: the design of urban expansion service income, fiscal and tax service income and knowledge control, and tested the effectiveness of the implementation of key controls; Intellectual property service income, SaaS model service income and marketing (2) we understand the service income of comparable listed companies in the same industry. In 2021, the company realized the recognition policy of operating income of 3398725 yuan, discussed the business characteristics and inspection with the management, accounting for 10000 yuan. The enterprise accelerated income and enterprise service income account for chuangtong respectively, accounting for 43.40% and 53.42% of the major risks related to the enterprise accelerated income recognition and the total income of the industry dark horse. Among them: the city recognized the time point for analysis and evaluation, and then evaluated the recognition policy of accelerating the market closing and expansion service income accounting for the total income of venture dark horse;
15.63% of the total revenue of Dark Horse Technology Group Co.Ltd(300688) from fiscal and tax services; (3) select samples to check enrollment materials, sales contracts and reports, 22.95%; the revenue from intellectual property services accounts for 6.53% of the total revenue of Dark Horse Technology Group Co.Ltd(300688) total revenue list, invoice documents and course delivery records, SaaS service revenue accounts for Dark Horse Technology Group Co.Ltd(300688) total revenue, course scheduling and student collection details, and check the revenue;
4.59% of the total. (4) As for the income transactions recorded before and after the balance sheet date, we focus on the accelerated income of enterprises and urban development services, select samples, check the schedule of accelerated courses and other documents, and whether the evaluation income, fiscal and tax service income, intellectual property service income and price income are recorded in the appropriate accounting period.
Recognition of service revenue under SaaS mode. For urban expansion service income, fiscal and tax service income, intellectual property service income, intellectual property service income and SaaS mode service income:
And SaaS mode service revenue, small single amount and sales business (1) we understand and evaluate the management’s great self-esteem for Dark Horse Technology Group Co.Ltd(300688) and whether its revenue is recognized truly and whether it is recorded in the internal control financial statements during the service process from the approval of appropriate financial contracts to the entry of relevant revenue; Design and test the effectiveness of key control implementation;
(2) Revenue from urban development services and revenue from fiscal and tax services (2) by understanding that the single amount of revenue of comparable listed companies in the same industry is large, the misstatement of sales revenue recognition may have a great impact on the recognition policy, discuss business characteristics with the management and check the revenue scale and profit of relevant compliance Dark Horse Technology Group Co.Ltd(300688) . At the same time, for the major risks and uncertainties related to the recognition of relevant service income, we analyzed and evaluated the accelerated income and urban recognition time point of Dark Horse Technology Group Co.Ltd(300688) enterprises, and then evaluated the recognition policies of corresponding service income, market expansion service income, fiscal and tax service income and intellectual property service;
Business revenue and SaaS mode service revenue are recognized as the key (3) select samples to check business customer contracts and implementation progress audit matters. Documents, acceptance documents, invoices, receipts and other relevant supporting documents, and verify the authenticity of income in combination with procedures such as accounts receivable letters;
See note III (4) income transactions recorded before and after the balance sheet date (10) for the accounting policies on income recognition for details; For the disclosure of income categories, see note VI (XX select samples, check business execution progress sheet, confirmation sheet and other documents, VII) to evaluate whether the income is recorded in the appropriate accounting period.
Audit report (Continued)
Tian Zhi Ye Zi [2022] No. 9763
2、 Measurement of expected credit loss of accounts receivable and contract assets
As of December 31, 2021, the main audit procedures of Dark Horse Technology Group Co.Ltd(300688) finance department are as follows:
The net amount of accounts receivable in the statement is RMB 286689 million, which is equivalent to (1) understand, evaluate and test the internal control procedures for the measurement of the expected credit loss of accounts receivable and contract assets of RMB 70.918 million;
And contract assets account for 13.00% of the total assets at the end of the period. (2) by examining the balance of bad debt provision for financial and non-financial accounts receivable and the balance of bad debt provision for contract assets of major customers, we evaluated the significant amount of credit risk and performance risk, which reflected the best estimate made by the management on the expected credit increase, default and credit impairment of accounts receivable and contract losses on the balance sheet date. Management assesses the appropriateness of asset identification of accounts receivable. We checked the historical payment records and whether the credit risk has increased significantly since the initial recognition, according to the collection after the whole period, the repayment plan after the period and other relevant documents; The provision for loss is measured by the expected credit loss of each duration. (3) when we sampled and checked the appraisal of the expected credit loss model, the management needs to consider the key data of credit default in previous years, including historical data and measurement date data, to evaluate its record, and implement judgment to estimate the debtor’s credit status, integrity and accuracy;
Forward looking economic indicators. (4) In combination with the inspection of the collection after the period, the evaluation of the reasonable use loss of the management’s assessment of the significant amount of accounts receivable and contract assets and the recoverability of the expected balance of credit accounts receivable and contract assets involves the management’s major judgment and estimation. Sex; Therefore, we regard the recoverability of accounts receivable and contract assets (5) for forward-looking measurement, we have checked the and authenticity of the management and identified them as key audit matters. Based on the model analysis results of economic index selection, economic scenario and weight, the rationality of the predicted value of economic index is evaluated.
See note III (XI) for the accounting policies of accounts receivable and note III (XV) for the accounting policies of contract assets; See note VI (II) for the disclosure of accounts receivable and note VI (V) for the disclosure of contract assets.
4、 Other information
Dark Horse Technology Group Co.Ltd(300688) Management (hereinafter referred to as “management”) is responsible for other information. Other information includes the information covered in the 2021 annual report, but does not include the financial statements and our audit report.
Our audit opinion on the financial statements does not cover other information, and we will not issue any form of assurance conclusion on other information.
In combination with our audit of the financial statements, our responsibility is to read other information and consider whether other information is materially inconsistent with the financial statements or the information we have learned in the audit process, or there seems to be material misstatement.
Based on the work we have performed, if we determine that there is a material misstatement in other information, we should report that fact. In this regard, we have nothing to report. Audit report (Continued)
Tian Zhi Ye Zi [2022] No. 9763 v. responsibilities of management and governance for financial statements
The management is responsible for preparing the financial statements in accordance with the provisions of the accounting standards for business enterprises to achieve a fair reflection, and designing, implementing and maintaining necessary internal control so that the financial statements are free from material misstatement caused by fraud or error.
When preparing the financial statements, the management is responsible for assessing Dark Horse Technology Group Co.Ltd(300688) ‘s ability to continue as a going concern, disclosing matters related to going concern (if applicable), and applying the assumption of going concern, unless liquidation is planned, operation is terminated or there is no other realistic choice. The management is responsible for supervising the financial reporting process of Dark Horse Technology Group Co.Ltd(300688) .
6、 Responsibilities of certified public accountants for the audit of financial statements
Our goal is to obtain reasonable assurance on whether the financial statements as a whole are free from material misstatement due to fraud or error, and issue an audit report containing audit opinions. Reasonable assurance is a high-level assurance, but it does not guarantee that the audit performed in accordance with the audit standards will always be found when a major misstatement exists. Misstatement may be caused by fraud or error. If it is reasonably expected that the misstatement alone or in summary may affect the economic decisions made by the users of the financial statements based on the financial statements, the misstatement is generally considered to be significant.
In the process of carrying out the audit work in accordance with the audit standards, we use professional judgment and maintain professional doubt. At the same time, we also carry out the following work:
(1) Identify and assess the risks of material misstatement of financial statements due to fraud or error, design and implement audit procedures to deal with these risks, and obtain sufficient and appropriate audit evidence as the basis for issuing audit opinions. Since fraud may involve collusion, forgery, intentional omission, misrepresentation or override of internal control, the risk of failing to find major misstatement caused by fraud is higher than that caused by error.
(2) Understand the internal control related to audit in order to design appropriate audit procedures, but the purpose is not to express an opinion on the effectiveness of internal control.
(3) Evaluate the appropriateness of accounting policies selected by the management and the rationality of accounting estimates and related disclosures.
(4) Draw conclusions on the appropriateness of management’s use of going concern assumptions. At the same time, according to the audit evidence obtained, draw a conclusion on whether there are major uncertainties in the matters or circumstances that may lead to major doubts about Dark Horse Technology Group Co.Ltd(300688) going concern ability. If we conclude that there is significant uncertainty, the auditing standards require us to draw the attention of statement users to the relevant disclosures in the financial statements in the audit report; If the disclosure is insufficient, we should express a non unqualified opinion. Our conclusions are based on the information available as of the date of the audit report. However, future events or circumstances may cause Dark Horse Technology Group Co.Ltd(300688) unable to continue its business.
(5) Evaluate the overall presentation, structure and content of the financial statements, and evaluate whether the financial statements fairly reflect relevant transactions and events. Audit report (Continued)
Tianshiye Zi [2022] No. 9763 (6) obtains sufficient and appropriate audit evidence on the financial information of entities or business activities in Dark Horse Technology Group Co.Ltd(300688) to express audit opinions on the financial statements. We are responsible for guiding, supervising and implementing the group audit, and take full responsibility for the audit opinions.
We communicated with the management on the planned audit scope, schedule and major audit findings, including the internal control defects that we identified in the audit.
We have already complied with it
