Research On The Reengineering Of Audit Engagement Process Of Integrated Auditing Performed By CPA Firms

After years of development, internal controls has developed into which is integrated with risk management framework. It is once considered by people that it has reached the summits of the theoretical study. However, the occurrence of financial frauds of many large companies which were generally considered as possessing good internal control occurred the financial frauds lead to people reexamine at internal control. The United States then issued the Sarbanes-Oxley Act, in which it points out that the listed companies should carry on the internal control audit, but the expensive audit fees that comes along turn to be unacceptable to the companies. Therefore, how to implement two types of audit effectively becomes the critical focus point both of the theoretic and practical field. In the AS5 audit criterion which is released by PCAOB, it is pointed out how to integrate those two types of audit. Integrated auditing thus firstly appears in people’s field of vision.Internal control construction in China develop late, in 2008 published "enterprise internal control basic norms", introduced the corresponding audit guidelines, in order to further the implementation of the pointed out the direction. Note draft issued by the association,2011 years, with reference to the integration of the provisions of the audit and implement methods, provide guidance to the integration of two kinds of audit, marks the use of similarity of two audit in our country and in common, will integrate the two audit era.Integration of audit as the complement each other in the two kinds of audit and low cost, make it quickly being accept. Many scholars research mainly focuses on the integration of the purpose of the audit, meanings, theoretical research, but for the further implementation of the process, less actual operation is described. Therefore, this article first carried out on the integration of audit related theory, then for the audit of accounting in the implementation of integration process, some problems existing in the business process, try to carry on the deep reengineering optimization design, the specific measures in the practice exploration. Then through shuanghui development case, the key integration points of the implementation of integrated audit further interpretation, as well as the integration of listed companies in Shanghai and shenzhen two city listed in the audit data, questions and Suggestions, specific interpretation. This article hope to implement integrated audit business for an accounting firm to provide certain reference to help develop smoothly, and solve the possible problems in the concrete practice.