The correlation of economic benefit auditing and traditional financial auditing

The economic benefit auditing is the core of modern auditing activities which stands for the developing trend of auditing. In China, the economic benefit auditing will be the center of the auditing work in the near future. This paper first discusses the development history of the economic benefit auditing, then analyses the connection between the economic benefit audit and financial audit, at last, discusses the difference in the audit basis, audit objectives, contents, evaluation criteria and audit method between the two.