What is research audit?

Research-based audit refers to an audit method that comprehensively understands the nature and characteristics of the object to be audited through continuous innovation, strict investigation and analysis methods, so as to effectively evaluate its risk. The following will introduce the research audit in detail.

1. Core concept

Research-based auditing is different from traditional auditing methods. It emphasizes the active and full use of scientific and technological means in auditing, such as the use of big data platform, data mining and other technical means for information screening and deep aggregation analysis. In view of the defects, incomplete generalization and subjective thinking logic of internal control design, it tailors the customer-specific content arrangement and improves the modern hierarchical mechanism management.

II. Workflow

The working process of research-based audit includes the following steps:

1. Determining the audit object

According to the accounting statements such as monthly operating report, monthly sales report, income statement and balance sheet on the surface of the enterprise, as well as factors such as industry trends, environmental changes and policies and regulations, the object to be audited is determined.

2. Understand the audited object

Collect and analyze the relevant information of the audited object, such as financial accounting vouchers, internal decision-making basis, management methods, etc., as well as understand the industry characteristics, business risks and market competition of the audited object, and analyze and evaluate its internal control system.

3. design the audit scheme

make the audit scheme suitable for the characteristics of the audited object and the management environment. And according to the new problems in audit practice or need more comprehensive and detailed answers to constantly improve.

4. audit work

according to the designed audit scheme and process, the audit work is carried out within the scope of the audit object by means of data analysis, on-site investigation and verification, and internal control inspection.

5. fill in the audit report

summarize the audit results and observations, issue a formal audit report, report the audit results and opinions, and provide improvement suggestions and guidance.

III. Application Prospects

With the rapid development of information technology and the rapid changes in financial markets, research-based auditing has attracted more and more attention. With the application of first-class, professional and information technology, research-based audit will play a full role in safeguarding the legitimacy of enterprises, standardizing various economic behaviors, improving the two-way transparency of internal and external levels of enterprises, and become a promising and high-yield professional field.

to sum up, research-based audit is a new type of audit, which integrates information technology and risk management concepts into the audit work, and stimulates the auditees to improve their management, correct business errors and enhance continuous sustainability and compliance with objective and accurate audit results and suggestions.