Research On Integrated Audit Process Optimization Of HP Accounting Firm

A series of financial scandals such as World Com and Enron broke out in the early 21 st century,making internal control audits widely concerned by government regulatory agencies,enterprises,accounting professions and investors in various countries.Prior to this,the securities regulatory department mainly focused on the reliability of the disclosed financial information.After the outbreak of the financial scandal,corporate internal control construction began to receive the attention of the regulatory department,and the securities regulatory department began to require some companies to disclose related information about internal control.After 2008,the Ministry of Finance promulgated relevant norms such as basic standards for internal control of enterprises and audit guidelines for internal control of enterprises,and pointed out that enterprises can integrate internal control audits with financial statement audits.In practice,integrated auditing is considered to be an option to improve audit efficiency,reduce audit costs,and improve audit quality.Since the integrated audit is still in the development stage,the relevant research stays at the theoretical level,and there has been little research at the practical operation level.Therefore,discussing and optimizing the integrated audit process in combination with specific cases is of great help to the firm's practical work.The thesis analyzes the design and optimization of the integrated audit process,combined with the practice of LYD audit project.Firstly,the defects of the existing integrated audit process of LYD audit project are analyzed,that is,the risk assessment process does not meet the internal control audit requirements,the corresponding relationship between the control cycle and the accounting subject is not considered,and the audit program fails to effectively link up.Next,by analyzing the optimization ideas of the integrated audit process,the optimized integrated audit process is designed to optimize the risk assessment process,control test schedule,and the design of the correspondence between the internal control cycle and the accounting subjects.Finally,the optimized integrated audit process is applied to LYD audit projects,and the optimized audit process is analyzed and applied in terms of audit plans,risk assessment procedures,control tests,and substantive procedures.Design the supporting measures for the optimization of integrated audit process,strengthen mutual verification ofaudit work,strengthen the emphasis on internal control audit,and improve the vocational training of auditors to ensure the realization of integrated audit process optimization.It is expected that through the optimization analysis and the application of the integrated audit process,it will provide reference for HP firms to carry out integrated audit business better.