Integrated Audit Application In Practice

Since the "Enterprise Internal Control Audit Guidelines" in China formally promulgated, the company listed on the main board in the country not only needs to hire a separate CPA audit report on its financial statements, but also on internal control evaluation report issued by the CPA and also require them effectiveness of internal control audit report. Since then, the two kinds of audit services will become the listed companies and accounting firms must complete the business.However, the establishment of the relevant regulatory system only for CPAs provide some basis to judge as well as the relevant principles to be observed during the execution of the business, and for how to handle the relationship between the two audits, internal control audit services, especially how specific unfold did not make clear instructions, did not provide the basis and support for whether and how to implement two audit can consolidate audit. This requires us to carry out a specific audit of internal control and how to deal with the relationship between the two audits conducted in-depth discussion, now and in the future will be for the internal control audit work to be carried out to make some research. This article will be in compliance with the requirements of the guidelines developed and implemented fully summarize the results of the internal control and audit process made on the basis of insufficient explore the premise of two to conduct a joint audit, how to integrate the two overlapping portions, and been implemented successfully in practice.This first two audits related theoretical concepts are introduced, and on this basis, elaborate, from all aspects of a comprehensive comparison of the two audits, and to look for the similarities; then combine the two previous audit the relationship between theory and further explore the two audit on whether the issue can be integrated, and draw the necessity and feasibility of its integration. Then, again in the audit of internal control made in the development process of countries analyzed, only to learn their successful experience, and combined with China’s actual situation, proven integrated audit infrastructure integration and integration ideas. After the implementation of the integrated audit processes listed by grasp of all aspects, the key integration points clear two audits. Finally, under the help of earlier theoretical basis of the premise, the introduction of the relevant appropriate cases, and as a starting point, to show the level of integration of the audit in the practical operation of the use, for the integration of the audit carried out in practice to provide a reference.