Research On Improving The Integration Of Audit Process Of The Branch Of Baker Tilly China In Hunan Province

Learning from the experience of American internal control audit’s development, China took out Guidelines of Enterprise Internal Control Audit on Apr 26th,2010, which regulates the internal control auditing can perform alone, also can integrate the financial report audit and internal control audit. In the case of double audit, integrate audit is the best choice because it can improve the efficiency and reduce the cost. The development of domestic integration of audit is still at the initial stage, focused on the theoretical level integrated audit, but the research on practical aspects of the lack of comparison. In fact, the CPA due to lack of relevant experience as well as no specific guidelines, the implementation of the integration of the audit is not so good. Therefore, exploring the integration and improved audit process has great significance for accounting firms to successfully carry out the integration of audit work.Under the guidance of assessment and contingency theory, cost-benefit theory,synergy theory, the author described integration of the audit process from three phases-the planning stage, the implementation stage, the completion stage, and disclosed existing problems in each phase respectively, such as unreasonable audit time arrangement, low quality of auditors, thoughtless internal control, inappropriate auditing methods applied during the audit process, inappropriate period and scope of control tests, lack of weakness summary, lack of evaluation and communication, lack of mutual verification, repeated audit, etc. According to the experience of Baker Tilly China, this paper focused on the problems mentioned above and made several suggestions accordingly, including arranging and coordinating the pre-qualification phase, reasonably, strengthening vocational trainings on integrated audit services, raising concerns of internal control from an overall level, applying all sorts of audit methods appropriately and flexibly, specifying the period and scope of implementation control testing, supplementing evaluation control defects and communicating thoroughly, emphasizing mutual authentication and avoiding repeated audit, etc. The author hopes that this paper may provide Baker Tilly China, Hunan branch with relevant reference and guidance to provide better integrated audit service in the near future.