Integration Of Financial Statement Auditing And Internal Control Auditing

In 2001 years of American enron financial fraud case,the capital market will focus on the internal control of the enterprise.Then the Sarbanes Act of the United States was introduced.After the introduction of the Sarbanes Act in the United States,internal control audit began to become a work that enterprises must perform.In 2008 and 2010,China has issued a number of internal control audit related provisions.The successive promulgation of these documents and regulations indicates that the internal control audit in China is gradually moving towards the normative direction.Since the emergence of internal control audit,the industry has basically reached a consensus on the unification of internal control audit and financial statements audit by a company audit.However,the research of integrated auditing in our country is basically biased towards the design of integrated auditing process.Few scholars focus on the problems and solutions of integrated auditing when it is applied in practice.In practice,integrated audit also has some problems,such as difficulties in implementation or poor implementation effect.In view of this,this paper will focus on the practical application of integrated audit,according to the case of the company's integrated audit,analysis of its problems,lasso one of the solutions.This paper mainly studies the business process of case company integrated audit.Firstly,this paper puts forward the relevant background and significance of integrated audit,the existing research on integrated audit at home and abroad,and the related theory of integrated audit.On this basis;,it also puts forward the necessity and feasibility of implementing integrated audit in our country.Then,taking BJ company as an example,it lists the audit process of integrated audit in BJ company,including understanding the business process and integration of enterprises.Audit planning stage,risk assessment process,understanding the internal control of enterprises,the effectiveness of test control design,the effectiveness of test control operation,evaluation of control defects,substantive procedures,integration of audit completion stage.Then,according to the implementation of the audit process,the practical operation of integrated audit is analyzed.Finally,some suggestions are put forward to solve the problems existing in the implementation of integrated audit.Through the above research process,this paper explores the following problems in BJ's integrated audit.(1)waste of audit resources(2)incorrect choice of the main body of integrated audit implementation(3)inappropriate audit time arrangement(4)insufficient scope of risk assessment.At the same time,the following solutions are put forward:(1)reasonable division of labor,strengthening audit communication;(2)choosing appropriate implementation subjects of integrated audit;(3)reasonable arrangement of integrated audit time;(4)strengthening the understanding of internal control.Finally,this paper extends the case of BJ company's integrated audit to the consideration of our country's integrated audit business,and puts forward the following four suggestions:(1)improve our country's integrated audit standards(2)strengthen the integrated audit quality control of firms(3)comprehensively improve the professional ability of CPA(4)improve the internal control system of audited units.