Research On The Impact Of Integrated Audit On Audit Efficiency

After entering the twentieth Century,China's many influential financial fraud case,the continuous media exposure,in the domestic and international community has caused great repercussions.The most representative of the reason of the financial fraud is the serious defects of the enterprise internal control system.In view of this,the importance of internal control of enterprises has begun to be attached importance to each country,the corresponding internal control legislation is gradually in operation,practice and theory of two levels,the study of internal control mechanism,and gradually established.In order to enhance the enterprise's interests,the interests of stakeholders will be transferred to the effectiveness of the internal control of financial reporting.As far as our country is concerned,the fifth article of the enterprise internal control audit guidelines,the certified public accountant has the right to carry out the internal audit of the internal audit or the integration of the financial statement audit and the internal audit.In the premise of the two kinds of audit methods,we can reduce the cost of audit,improve audit efficiency,and provide more complete and correct information to the users.Based on this background,this paper uses the method of case analysis and normative analysis to combine the basic ideas and theoretical methods of internal control audit and financial statements audit.Through the comparison and analysis of the practical operation process of the integration of audit of all kinds of key points,to discuss the integration of audit methods to improve the efficiency of audit efficiency.In this paper,the research method is introduced to find the relevant theoretical literature.At the same time,the research results of the audit efficiency and the integration of audit are reviewed,and the combination of the industry references from the theory point of view is analyzed.On the basis of theoretical research,the relationship between audit efficiency and the integration of audit is analyzed,and the operation mode of the efficiency of the audit can be extracted.Secondly,this paper by ShineWing Xinhua Pharmaceutical Company integrated audit operation foundation for case study,focusing on aiming at key points of integrated audit implementation simulation demonstration,from audit process actual operation angle of view to carry on concrete analysis.Two kinds of audit methods are tried in the operation process,the financial statements audit and internal control audit to audit practice as a platform to try to link,and for the integration audit to improve the efficiency of audit to improve the practical application of the proposed recommendations,hoping to audit practice and the entire audit theory research.From the point of view,the paper takes the lead in the research background and significance,and summarizes and reviews the existing research results of foreign and domestic research.Firstly,the paper introduces the concept of integrated audit and audit efficiency.Secondly,the paper analyzes the relationship between the two kinds of audit,and puts forward the feasibility of the implementation of integrated audit.At the time of the ShineWing Xinhua Pharmaceutical integrated audit case to analyze,the author mainly on the integration of the audit of the key point of integration and the overall implementation ideas are introduced,developed integrated audit of the implementation of the overall train of thought and process design;secondly,from the ShineWing in audit meter delimit stage,audit implementation stage and audit report issued by stages in detail how in practice the implementation of integration of audit,the audit efficiency to improve the objective.(1)audit planning stage,Xinhua Pharmaceutical Company should and letter Yongzhong signed audit business agreement and has established a project group,plans to integrate the audit needs assessment matters.At the same time to determine the level of importance.(2)the implementation of the "top-down" risk assessment procedures,the implementation of the internal control audit requirements of the control test on the basis of the implementation of substantive procedures and evaluation of internal control defects.(3)in the audit report issued to review the report and arrange papers and submit the audit report.In a summary of ShineWing CPA implement integrated audit to improve audit efficiency's consequences,respectively,from the audit quality,audit procedures and audit cost to discuss and conclude that the implementation of the integrated audit to improve the audit efficiency of this conclusion.(1)Improving the quality of the audit report.In ShineWing CPA implement integrated audit realized the mutual supplement between audit evidence and strengthen the integration of fraud consideration.(2)Optimize the audit process to effectively improve work efficiency.Proper and effective utilization of audit preparation stage,while maintaining the important accounts' conformity of identification and related determination in the audit of the Xinhua Pharmaceutical and ensure the control test calibration and substantive procedure.(3)Effectively reduce redundant work so as to reduce audit cost.As a result of the associate methods of evidence collection and the proper utilization of others' work to reduce audit costs,improve audit efficiency.Finally,we learn the enlightenment in the audit case of Xinhua Pharmaceutical from the perspective of accounting firms and industry associations.