Problems And Countermeasures To Internal Audit Of FZ Group

In this thesis, the internal audit agencies of a specific national group was analyzed in the development, background of management and the difficulties, based on results of theory research, proposed measures to improve the company's internal audit with methods of case study. From functions to the position of audit institutions to the specific improvement measures, the thesis analyzed totally the existing problems of internal audit and countermeasures.In the theory part, through analysis, this paper put forward the following views:In current system of framework for a listed companies, the most effective relationship of the internal audit is that we report to both the CEO and independent director leadership; For limited liability companies and limited liability company which is not listed, the most effective relationship of the internal audit is that we report to both the CEO and the Supervisory Board, but there are some difficulties in practice.For participation in risk management, internal audit have a natural advantage which other departments can not compare. However, we should avoid damage to the independence of the audit, internal audit should not undertake the main responsibility in assurance services and risk management. We should be careful not to be involved in decision-making and implementation of audit activities while the internal audit concerns internal control, to avoid potential conflicts of interest and bias of internal audit independence. In addition, the internal audit function and pattern selection must be adapted to the level of development of internal control.To the research enterprise, this paper analyzed advantages and emerging issues of internal audit of the FZ Group and affiliated companies under the background of FZ Group to "investment holding company"and the change of the pattern increased the authorization of affiliated companies, to improve the efficiency of internal audit, to play a better audit function in improvement and suggestions: For Audit Department of FZ Group, should change the pattern, monitor, control and overawe, divide the work clearly with affiliated companies and promote the risk-based audit model; In addition, the Group should make full use of the authority and independence of the audit department, to create a more favorable audit environment for affiliated companies and establish a more effective vertical management system of the internal audit.For the subsidiary companies, audit institutions should be establish ed and improved as soon as possible, excellent auditors; the pattern of the "control-oriented" internal audit, change the error of function-position, the main objective to support and coordinate of business expansion, reducing conflicts between affiliated enterprises; establishing monitoring mechanisms, the system of audit public results and so on.The paper also has effect for the internal audit of other domestic enterprises in select-pattern and other specific work.