HDKJ Co.,LTD. Integrated Audit Process Research

At present,internal control audit becomes an indispensable part of the company's accounting year.Compared with foreign countries,domestic internal control audit implementation time is late,and the specific implementation mode is different.China stipulates that certified public accountants can carry out internal control audit independently,and can be integrated and implemented with the results audit.Due to audit efficiency and audit cost,most listed companies tend to integrate audit methods.Integration of audit is the use of the internal control auditing and auditing financial statements between the same or repetition of conformity,entrust the same accounting firm from the preliminary business activities,risk assessment process,control test and completion of audit work throughout the process,will cross sharing information,and finally form the two audit reports respectively.Compared with the traditional auditing mode,the implementation of integrated audit can significantly reduce the auditing cost of accounting firms,simplify unnecessary auditing procedures,and improve audit execution quality.But look from the current implementation and integration of audit in our country in practice the lack of detailed implementing rules and instructions,most of the integration of audit become a mere formality,difficult to essentially achieve their goals.There is a large autonomy in execution,which is far from the expected result of integrated audit.Based on the relevant guidelines and guidelines,this paper will analyze the research status of integrated audit at home and abroad on the basis of principal-agent theory,information asymmetry theory and cost-benefit theory.This paper analyzes the reasons and advantages of accounting firms' choice of integrated audit,as well as specific cases to observe the current situation and existing problems of the integrated audit of listed companies in China.Then,based on the relationship and characteristics of the two kinds of audit,the ideas and key points of the integrated audit implementation are summarized.Try to rebuild the implementation process of the integrated audit.Finally,according to the research process of this paper,the author puts forward personal opinions for the further promotion of the integrated audit.