A Study On Financial Statement Audit And Internal Control Audit Integration

After the U.S.capital markets suffered a huge blow,national capital markets no longer rely solely on financial statement audit reports..In this big background,the integration of audit as a new concept,Integration in the context of the audit as a kind of new ideas,to our country government asked listed companies must be annual financial reporting and internal control self assessment report information such as the requirement of the public good,and conducive to improve the certified public accountants audit quality and efficiency,so as to achieve the aim of reduce audit risk and audit cost.Both in public accounting firms and the company hope the government can introduce a complete set of integrated audit operation process,effectively guide the actual work of certified public accountants,work to achieve cost savings,to reduce the repetition rate and the realization of the utility of resources sharing,strive for certified public accountants,all kinds of listed companies,government agencies,regulators and investors multi-win situation.Through the understanding of the environment of the market situation,this paper summarizes the integrated audit related theory knowledge,for two consecutive years was selected for the internal control audit report of negative opinions issued by Tianjin TEDA Co.,ltd.as a concrete analysis object.According to PWC,Tianjin TEDA Co.,ltd.to implement integration of the audit process and integration of the audit model,the integration of the audit process in the key integration points to a deeper research and combined with case analysis,at the end of the case analysis,based on the PWC issued audit reports and financial statements without reservations,negative opinions of the internal control audit report shows that integration of audit in audit process integration,not only has realized the integration of audit results.The purpose of this paper is to provide a reference for the integration of audit practice.Through the analysis of the case,the theoretical research and practical application are studied,and put forward a series of Suggestions on the development of integration of audit services in China,has universal applicability of the similar case.Audit integration is a better and faster service for enterprises,which provides more reference for future accounting firms and lays a good foundation for the development and progress of enterprises.