Application Research On Integration Of Internal Control Audit And Financial Statement Audit

At the beginning of the 21 st century,the outbreak of financial fraud,such as Enron,caused serious concern of the capital market,and internal control audit also entered into the scope of discussion.With the announcement of the Sarbanes-Oxley Act,the enforcement of internal control audit became mandatory.In 2008 and 2010,China has promulgated a number of norms and guidelines on internal control audit,marking the formal entry of internal control audit into China.Since the internal control audit,the internal control audit and financial statements audit are enforced by the same accounting firm,as the industry's general consensus.At present,scholars on the integration of audit research stay in the audit process design level,rarely involved in the specific application.This article will focus on the application of integrated audit in the practice of case analysis,and construct the index system of evaluating audit quality.This paper takes the accounting firm to carry out the process of integrated audit business as the research object.First of all,on the basis of the existing research,this paper put forward the test model of the integrated audit,makes some improvement and improvement to the process of the integrated audit,and concludes the integration points of the integrated audit;Then,this paper chooses Y accounting firm to carry out the case of integrated audit.And according to the previous part of the audit process and evaluation indicators,this paper card and induct practical operation of the integrated audit;Finally,this paper puts forward some suggestions on how to improve the existing problems.Through the above research,the following conclusions are obtained.(1)the existing mathematics divide the process of integrated audit into determineing the audit objective,making the audit plan,implementing the audit and the audit report in four phases.This paper suggests that we should add a stage of completing the integrated audit,and adjust the content,form the three stage view of integrated audit process,namely the planning stage,implementation stage and completion stage.(2)in view of the importance of the initial audit activities for the integrated audit,this paper proposes that it should be included in the scope of the pre work of the process,and extended to the integration of the audit planning stage.(3)in the completion of the integrated audit,the audit quality evaluation should be increased,and the evaluation should be carried out according to the specific indicators.(4)a case study of a firm's integrated audit practice shows that these stages are divided and the quality evaluation activities are feasible.