An Integrated Audit Study On Aerospace Communications Co., Ltd. Carried Out By Tilly International

Referring to the development history of the internal control audit in the United States,China issued the "Guidelines for the Audit of Internal Control of Enterprises" in 2010,which stipulated that internal control audits can be performed independently or integrated with financial statement audits.The implementation methods in the system are optional.Nature has created a prerequisite for the implementation of integrated audit in China.In the case of dual audit,if you want to consider both audit efficiency and audit cost,it is obvious that integrated audit is the best option.However,due to the relatively late development of integrated auditing in China,which has not been developed for eight or nine years,most of the current research on integrated auditing in China has remained at the theoretical level of feasibility and necessity.Less,and less of the typical case for success.This paper describes the case of Baker Tilly China's integrated audit of Aerospace communications,describes how to integrate financial statement auditing and internal control auditing,and analyzes and evaluates this case,which has positive significance for the smooth implementation of integrated auditing work by accounting firms.This paper mainly adopts a combination of literature research method,normative research method and case analysis method,and uses the cost-benefit theory,synergy effect theory and trade-off theory as a guide to summarize and summarize the relevant theories of financial statement audit and internal control audit Based on this,the background and supporting theories of integrated audit are analyzed,and the key nodes of integrated audit are designed based on related theories and research results.After analyzing the current status of the integrated audit in China in the past three years,we finally selected Aerospace Communications Co.,Ltd.,which was issued a negative opinion report on internal control and a financial opinion report in 2016,but was issued an unqualified opinion report in the next two years As a specific analysis object.Combined with the 2016 Baker Tilly China's implementation of the integrated audit process,the project process was divided into the audit planning stage,audit implementation stage,and audit completion stage,and the basis and reason for issuing relevant opinion reports were analyzed.To evaluate the successes and shortcomings in the audit,to make suggestions for improvements such as the insufficient implementation of the audit plan,the unreasonable selection of control test samples during the audit process,the low level of informatization during the integrated audit process,and the excessive emphasis on the form of audit review.Such as:establishing a high-quality audit team and improving the training mechanism;improving auditors' information-based auditing capabilities;using audit methods flexibly.It is hoped that these suggestions can provide reference and guidance for Baker Tilly China to better conduct integrated audit business in the future.This article studies with real cases and supplements the current domestic research on the related theoretical aspects of integrated auditing.From the perspective of an accounting firm,that is,the perspective of an auditor,it comprehensively integrates the implementation process of audit business with related theories.Analysis and evaluation.In particular,taking Baker Tilly China as an example,it puts forward feasible suggestions for the detailed problems that integrated audit may encounter in practical application,with a view to using these suggestions to provide reference for Baker Tilly China and the entire firm's industry to better conduct integrated auditing in the future with guidance.