Research On Integration For Internal Control Audit And Financial Statement Audit

At the beginning of the 21st century,the Enron incident broke out and the public doubted the credibility of the financial statements.In order to reshape the public trust and maintain capital market order,the United States enacted the SOX Act.Since then,internal control audit has gradually attracted attention.Beginning in 2012,in order to meet the needs of market development,China required the main board companies listed at home and abroad to perform internal control audit.Then this scope extended to small and medium-sized boards and GEM."Enterprise Internal Control Guidelines"stipulates that certified public accountant can choose to integrated audit or financial statement audit and internal control audit respectively.Compared with separate audit,integrated audit has advantages in terms of cost and efficiency,so it has grown up just a few years.However,the policies related to integrated audit are not perfect.In this context,the paper has conducted research on integrated audit.The paper uses both normative study and case study.First of all,it classifies and introduces the research situation in the field of integrated audit at home and abroad,as well as sorts out the research methods and research ideas.Then it explains the concept of integrated audit and introduces synergy theory and cost-benefit theory.After that,it summarizes the development of ntegrated audit in China.At present,the development of integrated audit is good,but it still needs to be improved.The main problems are the unreasonable composition of the project team and the membership,the low utilization and conversion rate of the work results,and the lack of implementation of the internal control audit procedure.Next,it analyzes the causes of the related problems and puts forward some countermeasures.They are optimizing the composition of the project team and the composition of the members,strengthening the communication in the process of integrating the audit,optimizing and integrating the audit process,and perfecting the integrated audit standards and guidelines.The paper introduces the integrated audit by taking the integrated audit of Shu Lun Pan CPAs to Zhongyin Cashmere as an example.It combines theory and practice closely.Finally,it puts forward the prospect of more efficient and comprehensive implementation of integrated audit.