The Internal Control Auditing Research On The Influence Of The Financial Statements Audit Quality

Financial statement audit quality is the main indicators of corporate financialinformation content discrimination,which has a great impact on the financialinformation of the audited entity credibility and investor decisions. Since thetwenty-first century, with the occurrence of a series of American companiesWorldCom fraud cases, national regulators have realized something that simpleinformation to improve the quality of financial statements has been insufficient tomeet the needs of investors, establishing and improving the quality of financialstatements information as the primary overcome the difficulties. In this context, in2002the U.S. Congress enacted SOX Act, for the first time requiring companies toaudit the effectiveness of internal control. Subsequently, the U.S. Public CompanyAccounting Oversight Board （PCAOB） Auditing Standards issued, noting that theinternal control audit and the audit of financial statements should integrate. Theinternal control system in China started late, as the "Internal Control Standards" andother enterprises basic guidelines promulgated, China has established a basic systemof internal control audits, which in2010enacted five ministries supporting theguidelines pointed out that since2011requires companies listed abroad while internalcontrol audit and disclosure of internal control audit report, in2012to expand thescope of state-owned holding board listed companies and some large-scalenon-state-owned listed companies, the2014requires all board listed companiesinternal controls and disclosure of internal audit control audit reports. Under thissystem the background after the mandatory disclosure of internal control information,the effectiveness of internal control audit to improve the quality of financialstatements audit, internal control and audit of financial statements audit differences inthe degree of integration can improve the quality of audit of financial statements,these topics more generally, to become the direction of the research community.Based on this, the paper select2010-2013China’s listed companies to discloseinternal control audit report acts as a research object, trying to standardize andempirical research method of combining the mandatory disclosure of audit reportsbefore and after the implementation of the policy of internal control, internal controlaudit of the financial statement audit after affect the quality and the implementation of an integrated audit policy can promote the improvement of the quality of the audit offinancial statements.First, this paper describes the background and significance of the researchmethods and ideas after, respectively, from the internal control, internal control audit,internal control and information disclosure three audit conducted a literature review;Secondly, scholars summarized the impact on internal control audit of financialstatements audit quality research point of view.Secondly, through the analysis of relevant theory to derive the internal controlaudit to some extent have a certain impact on listed companies’ financial statementaudit quality. Through overflow effect through knowledge of internal control andaudit and financial statement audit of the similarities and differences analysis, wesuggest that the integration of the audit have some impact on audit quality. On thisbasis, we propose two kinds of feasibility assumptions.Again to2012,2013to force disclosure of internal control audit reports of listedcompanies and the2010and2011year financial report data as a sample, through theestablishment of a multiple regression model was tested the hypothesis concluded: themandatory disclosure of internal control audit after the financial statement auditquality has been improved. But by studying the2012and2013data found that theintegration of the internal control audit and audit of financial statements and thefinancial statements did not significantly improve audit quality.Finally, verify the results of the previous section and learn from experiencedscholars draw conclusions of this study and put forward policy recommendationsfrom four aspects. To further improve the internal control audit system and audit thehealthy development of the business.