Research Of Integration Of Financial Statement Auditing And Internal Control Auditing

Financial scandals of Enron and WorldCom make people begin to realize the importance of internal control auditing,enterprises need to disclose information related to internal control.In this context,the concept of integrated auditing is presented.Integrated auditing means that the certified public accountants audit both the financial statements and internal control of the enterprise.From the domestic and foreign development trends,integrated auditing will be the best choice,because integrated auditing has a lot of advantages.In China,Certified auditors can audit financial statements and internal controls separately,or they can integrate.But there is no standard how to implement the integrated auditing.Now domestic scholars have less research on integrated auditing.The integrated auditing in our country is the stage of growth,domestic scholars on the integrated audit research less,and mainly focus on the integration of the necessity and feasibility of the audit basis,the internal control audit and earnings audit similarities and differences,etc.In such a situation,in-depth study to explore the integration of the audit process design and practical operation,it seems unable to wait.Research the process of integrated auditing and its application in practice are very important.Firstly,this article describes the concepts and theories of integrated auditing.Secondly,standing in the CPA and corporate perspective respectively,explain the need for integrated auditing.Integrated auditing has a lot of advantages.Then,design a suitable process of integrated auditing,and introduce integrated auditing's situation in practice.Last,through the case of Binhua Stock Company,introduce the application of integrated auditing in practice,which has important guiding effect on the integrated auditing.