Private Listed Enterprise Internal Audit An SBS Perspective

Since the 1990s, China's private economy has developed quickly and has played an important role in national economy. Along with the rapid development of capital markets and private enterprises, More and more private enterprises have been or are being listed in Chinese or abroad securities markets after restructuring themselves. The listing process is the process of improving corporate governance. Internal audit is one of the main ways of internal control and is an organic part of the corporate governance. However, with the rapid development of private economy, the research on the internal audit theory and practice of the private enterprises is not enough, the constructions of the internal audit regulations and norms of private enterprises have not been paid deserved attention.Based on theory of corporate governance and internal control, the internal audit of the private listed enterprises has been studied by analyzing the norms and cases. Firstly, thesis introduces the conceptions of internal audit, corporate governance and internal control, and analyses the relationship of them. Secondly, from the internal audit organization mode and business system, the author studies how to rebuild the internal audit framework of private listed enterprises, and then rebuild it. Finally, this study conclusion:due to the private listed enterprises'character of "One share dominates exclusively" and "an owner and operator highly overlapped", internal audit work should focus on the internal management and internal control, strengthen the internal audit function of management and consultation and, at the same time, strengthen the supervision of the information disclosure. The new internal audit organization mode has two aspects, the first is the internal audit charges by the audit committee under the board of directors, and the second is the head of internal audit should be appointed the chairman of board of supervisor at the same time. The mode will ascend private the independence and authoritative of the internal audit, and will make internal audit organization widely represented investors, managers and employees will, and will be helpful for the internal audit work such as assessment of risk management and control process, and improve the effect of operation organization, help organization to meet its goals.