A Company Internal Control Audit Case Study

In 2008 and 2010,the five ministries and commissions jointly issued the "Basic Standards for Internal Control of Enterprises" and "Guidelines for Auditing Internal Control of Enterprises",and began to strictly supervise the effectiveness of internal control of listed companies,and stipulated that listed companies must employ accounting firms.Comment on the effectiveness of its internal controls.In 2011,the “Implementation Opinions on Enterprise Internal Control Audit Guidelines” was issued,and the original system was improved and refined.In 2012,China has mandatory regulations for internal control audits,that is,companies listed on the main board of China must disclose disclosure of internal control audit reports.However,compared with the audit of financial statements,internal control audit has a natural disadvantage,such as shorter development time and still in its infancy.Based on the above research background,this paper uses a combination of literature research and case study.Based on the theory of internal control audit,this paper analyzes the case of C company’s internal control audit of Company A.Firstly,it introduces the theoretical basis of internal control audit,expounds the definition of internal control audit and the definition and classification of internal control defects,and analyzes the relationship between internal control,internal control self-evaluation and internal control audit,and expounds the basic theory of internal control audit..Secondly,it introduces the general situation of Company A,analyzes the status quo of internal control of Company A from the perspective of five elements of internal control,and introduces the specific situation of C’s accounting firm’s internal control audit of Company A.Thirdly,from the perspective of accounting firm,it analyzes the problems existing in the internal control audit process of Company A: the implementation of audit procedures is not in place,the number of professionals who are qualified for internal control audit is small,the degree of audit information is not high,the audit of financial statements and internal control The audit work was repeated.Then,the corresponding improvement measures are proposed in a targeted manner: standardizing the execution of the auditing procedures,improving the professional competence of internal control auditors,improving the auditing information capability of auditors,and promoting integrated auditing.Finally,the main contents and viewpoints of this paper are summarized,hoping to better guide the development of internal control audit practice.