Research On The Correlation Between The Internal Control Audit And The Audit Quality Of The Financial Statements

With the rapid development of China’s market economic system and the perfection of capital market, enterprises as the main body of the market, facing both market competition bring pressure, is also facing the opportunities brought by the diversification of financing channels. In order to expand the operation scale, improve market competitiveness, both listed companies, company or unlisted, in strengthening technological innovation, improve product quality and market competitiveness at the same time, also need to strengthen internal control and management, improve the management level and risk prevention capabilities, to get recognized by the investors and the capital market. Therefore, the internal control management as well as product innovation for enterprises is particularly important. That how to measure the internal control of enterprise management level, to ensure objective, impartial, transparent to business owners and the capital market and investor disclosure internal control of enterprise management and the quality of financial accounting information, need to through the third party organization of evaluation and accreditation. Our country on the basis of summarizing experience and lessons, the internal control audit and financial reporting audit parallel to take, to better meet the requirements in this regard.Since twenty-first Century, the risk of fluctuations in economy, the well-known enterprises at home and abroad due to the outbreak of the financial scandals and even lead to collapse of economic events often occur, a serious blow to investor confidence in the capital market. In order to strengthen the listing Corporation’s constraints, maintenance the interests of investors and government regulators in the countries concerned financial report information disclosure quality at the same time also began to pay attention to establish a supervision system and related financial statements. Promulgated standards act, in the western developed countries, the listing Corporation’s internal control over financial reporting audit standard, in order to adapt to the change of capital market supervision of the trend, China’s five ministries(finance, audit, certificate, silver, Paul) respectively in June 2008 and April 2010 have jointly issued the "basic norms of internal control", "on the issuance of enterprise internal control supporting guidelines" notification, guidance and restraint. To standardize the internal control of listing Corporation to audit, internal control audit has become the audit business in a legal authentication business, which marks the domestic enterprise internal control audit business into the mandatory audit stage.To explore the internal control auditing to audit the financial statements of influence, this paper on the basis of referring to the related two auditing business literature in China and abroad, take Shanghai A-share listed companies in the manufacturing industry as the object, select the 2013 to 2014 about internal control audit report relevant data, through descriptive statistics, correlation analysis, regression analysis, the emphasis on analysis of the relationship between the audit of internal control and financial report audit quality. And combined with the conclusions of the study, through the further improvement of enterprise internal control audit to improve the quality of financial statements of the policy recommendations, thus providing reference for China’s current internal control audit.