• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2022 > Volume 10 Number 6 (Dec. 2022) >
JOEBM 2022 Vol.10(6): 371-374 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.6.727

Strategies for Integrating Internal Control Audits with Financial Statement Audits

Yuqian Huang, Li Gong, and Fen Xiao

Abstract—The proper integration of internal control auditing and financial statement auditing has certainly been fruitful in practice. However, internal control audit and financial statement audit are two independent audits, and if they need to be integrated, it is necessary to think carefully about the reasons and directions of integration. Combining the current status of the implementation of integrated audit of listed companies in China, it is easy to find that the reference standards for integrated audit issued today are still not sound, and some accounting firms have implemented integrated audit, but they have not been able to highlight the advantages of integrated audit. In view of this, this paper focuses on the practical application of integrated audit, and selects the integrated audit of the delisted Boyuan by Asia Pacific (Group) CPA firm as the case study of this paper to discuss the necessity of its integration, analyze the possible problems in its integration and give improvement strategies, in order to bring new ideas for integrated audit in China.

Index Terms—Audits of internal control, audit of financial statements, integrated audit, delisting bo yuan, audit of public companies.

The authors are with the Wuhan Business University, Hubei 430000, China (e-mail: yyhyq3344@163.com, 18942938302@163.com, 17742546720@163.com).

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Cite:Yuqian Huang, Li Gong, and Fen Xiao, "Strategies for Integrating Internal Control Audits with Financial Statement Audits," Journal of Economics, Business and Management vol. 10, no. 6, pp. 371-374, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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