Description Of The Internal Audit System Of Agricultural Bank Of China NJ Sub-branch

The joint-stock reform of Agricultural Bank of China is China's state-owned commercial banks' shouguan war, and it is not only required to reach the basic criteria of the reform of state-owned commercial banks, but also to meet the practical needs of economic and financial development in rural areas, so as to promote the overall development of China's economy. However, there are still some defects and shortcomings in the audit of internal audit concepts, independence, objectivity and effectiveness of such areas inside the Agricultural Bank at present. Agricultural Bank has faced a severe challenge from the complex and volatile economic situation of the risk management capacity, and moreover, the "three rural" areas of business optimized would make the risk management more difficult.This essay is to combine domestic and foreign financial institutions on the theory of internal audit, particularly through the New Basel Capital Agreement (BaselⅡ), and new trends and new methods of research in its domestic and foreign financial institutions as well as those problems would be found in the formation of an analysis. The Agricultural Bank of China NJ sub-branch of the existence of internal audit, "Branch internal audit management, frequent violations have been found to reproduce the problem time and again, low efficiency, as well as the internal audit process and the non-existence of the phenomenon of dereliction of duty" and so on a number of serious problems .Formation of the main reasons for a "branch of the internal audit is not management attention, the problem of the lack of sound management system, the lack of professional personnel training the audit mechanism, the absence of effective human and institutional control, the lack of science and technology of the favorable support" several Area. In the cause of the problem on the basis of analysis, design of the Agricultural Bank of China NJ sub-branch of independent internal audit system, to resolve the problems of facing the internal audit process. The Agricultural Bank of China NJ sub-branch of the internal audit system design, including design principles, organizational structure, powers duties, work flow management system, the evaluation mechanism of the six components. And the strengthening of inter-sectoral collaboration, strengthen the building of the audit, internal audit system, the modernization of technical means to strengthen the building of the supervisory role of related measures. The essay also establishes the independence and comprehensive risk management framework of grass-roots level sub-branch so as to prevent and reduce financial risks, enhance Agricultural Bank of China's international competitiveness and promote its healthy and rapid development.In the course of reform, internal audit is a complete internal supervision system. It will play a decisive role in the reform of the Agricultural Bank of China, who is facing new challenges. Primary County branch of the internal audit on the oversight function is particularly prominent. The internal audit of grass-roots County branch will be directly related to the Agricultural Bank, "the three rural-oriented, service three rural" reform of the development process. Agricultural Bank of China is the primary branches, and the internal audit of the research in rural County branch is still in the exploratory stage, and this would promote internal audit in the development and application of grass-roots branch of the Agricultural Bank.