Research On Internal Control Audit Integrating With Financial Statement Audit

With several drastic fluctuations in the world economy,many well-known domestic and foreign enterprises has reported out the financial fraud events,the importance of internal control has been recognized by many countries and enterprises.Therefore,the focus of national regulators have gradually shifted from a single financial report to the construction of internal control,requiring enterprises not only to issue audit report on financial statements,the report must also be issued along with internal control audit.For example,the United States has promulgated a series of relevant legal provisions to determine the status of corporate internal control audit.Then,the US Public Company Accounting Oversight Board(hereinafter referred to as PCAOB)has made NO.2 and NO.5 audit standards,the concept of integrated audit was first proposed.China's construction of internal control system,the implementation of supervision methods and audit guidelines and other series of laws and regulations have been introduced,It's not only the signs of China's internal control laws and regulations has gradually become perfect,but proved the importance of building the listed company's internal control system.The guidelines clearly pointed out that in China the auditor can be a separate implementation of internal control auditing of the listed companies,they can also be integrated financial statements audit.At present,China's enforcement rules of internal control audit do not apply to all companies,but only for the listed companies.Therefore,in China there is still much room for internal control audit to develop.At the same time,the relevant regulations on the integrated audit did not clearly defined,it is still in the scope of voluntary choice,and due to a lack of integrated audit of specific standards and operating instructions,China's practice of integrated audit is not mature enough.This article takes the integrated audit as the research object,first by reading a large number of relevant literature about enterprise integration audit,to understand the status of domestic and international integrated audit,summed up the research background and significance of this article,and the domestic and foreign literatures are interpreted through the multi-angle analysis.Secondly,by summarizing the basic concepts and theoretical of the audit,and then to explain why our country need to implement integration of audit and the question of whether our country can implement integrated audit from three point of view,they are the national policy point of view,the auditing unit perspective and the perspective of certified public accountants.On this basis,the paper discusses the operation process and integration points of the integrated audit,and introduces the NBSS Shares as a case to analyze the operation process and content of the integrated audit in three different audit stages.The integrated audit to a certain extent,to ensure that the relevant information is reliable and effective,so as to meet the needs of information users.So at the end of this paper,I put forward some suggestions for the development of China's integrated audit from two perspectives.Implementation of the integrated audit in China is still very short time,it needs multilateral coordination improvements from national policy,practitioners and enterprises.This paper summarizes and deepens the research on the integration audit,enriches the study of integration of the audit process and provides a reference for the future development of the integrated audit.