Research On The Impact Of Integrated Audit On Audit Quality

In recent years,financial fraud cases emerge in endlessly,which cause the confusion of capital market and frustrate the confidence of investors.In order to standardize the order of our capital market and improve the quality of financial information,a series of regulations have been formulated.In 2010,the Chinese government issued the supporting guidelines for internal control of enterprises,which covers 18 specific guidelines.Among them,the guidelines on internal control audit of enterprises stipulates that in 2012,internal control audit should be implemented in the companies listed on the main board of China first.It is pointed out that the two kinds of audit business are different and related.The guidance also points out that financial statement audit and internal control audit can be undertaken by the same accounting firm or by different accounting firms.Integrated audit means that the same accounting firm undertakes internal control audit and financial statement audit of a listed company at the same time,but unlike the United States,China does not enforce integrated audit.This means that listed companies have the right to choose.So,which audit method is better,integrated audit or independent audit? How do the two affect audit quality? For the listed companies that carry out integrated audit,whether the impact of integrated audit on audit quality is different under different equity nature.These are the problems to be studied and solved in this paper.Throughout the literature at home and abroad,there are few studies on the impact of integrated audit on audit quality,especially in China,and most of them are normative studies.This paper adopts normative research method,empirical research and other research methods.On the basis of summarizing the previous research,Read a lot of literature about integrated audit research,audit quality research,integrated audit on audit quality research,etc.On the basis of this,it uses the principal-agent theory,institutional change theory,synergy effect theory,reputation theory,knowledge spillover theory and other theories.This paper studies the impact of integrated audit on audit quality,and studies whether the impact of integrated audit on audit quality is different under different equity nature.In this paper,China’s A-share main board listed companies in 2016-2018 are taken as the research object,and the absolute value of the maneuverable accrued profit replaces the variable of audit quality.It is found that the integrated audit improves the audit quality,and under different property rights,the impact of the integrated audit on the audit quality ofstate-owned enterprises is more significant.According to the results of empirical research,some deficiencies and new ideas are put forward.In order to better implement integrated audit,it also puts forward some reference suggestions for accounting firms,government and listed companies.