Research On Integrated Auditing Of Listed Companies

Since the 20 th century,the financial fraud cases of companies such as Enron and World Com have caused an uproar in the international community.Various governments and relevant regulatory agencies have gradually realized that the importance of internal control to ensure that corporate information is true and fair to avoid fraud cases has become increasingly important.Accelerated the pace of formulating relevant internal control laws and regulations to improve the construction of internal control legislation.In2010,China’s five ministries and commissions promulgated the "Guidance Guidelines for Internal Control of Enterprises",which stipulates that listed companies on the Main Board of China will disclose the internal control audit report and the internal control self-evaluation report issued by the management since 2012,and will gradually implement it in the SME Board and GEM listed companies.According to the "Corporate Internal Control Supporting Guidelines," CPAs can either choose to perform internal control audits alone or they can choose to integrate internal control audits and financial statement audits.Compared with individual audits,integrated audit can improve efficiency,reduce risks and reduce costs.Therefore,integrated audit has become an inevitable trend.However,the relevant rules and regulations for internal control audit in our country only provide the basis and criteria for the work of certified public accountants.There is no express provision for how to implement the operation,and there is no mention of how to integrate the two types of audit.This article is based on the premise of complying with relevant laws and regulations of the country and conducts research and analysis on integrated audit.This article first introduced the research background,significance and research status at home and abroad.Second,it provides theoretical support for the article from three aspects: cost-benefit theory,system coordination theory,and risk aversion theory.Then analyze the differences and links between the audit of the financial statements and the internal control audit,and systematically sum up the necessity and feasibility of the integration of the two audits.Thirdly,summarize and analyze the status quo of the integrated audit of listed companies in China,and combine the case of Lixin Certified Public Accountants to implement integrated audit on Antai Group,and elaborate on the specific application and related content of the integrated audit business process.Finally,summarize the enlightenment of the integration of audit cases,clarify the research conclusions and make corresponding suggestions for the implementation of integrated audit in our country.Through the study of this paper,it is concluded that the current situation of integrated auditing in China is good,and the implementation of integrated audit should properly audit the relationship between audit effectiveness,audit cost and risk control,so that the three are coordinated.Integrated auditing is highly operational and requires systematic integration of objectives,procedures,and methods to ensure the effectiveness of the integration.