China's State-owned Commercial Bank Internal Audit Study

Internal auditing, as the main part of corporate governance, plays an important role in modern enterprise management. Since China's entry into WTO, in order to meet the challenge from foreign-owned banks, our state-owned commercial banks have taken active efforts in systematic innovation and institutional innovation characterized by customers-focus and market-oriented. Now that the internal auditing agencies serving as the guarantee of bank's sound operation develop rather slowly, some further reforms must be conducted. It is noted that learning from the developed countries will be helpful to the construction of our bank's internal auditing system.The paper is dividing into four parts. The first chapter recounts the essential theories related in the article. The second chapter points out the problems existing in the internal audit of Chinese state-owned commercial banks, and proposes it is inescapable to transform. The third chapter describes the advanced experience of internal audit executing in some developed countries. And the last chapter talks about the reengineering the internal audit of Chinese state-owned commercial banks.In solution to the problem exiting in the internal audit work or forthcomings, it will bring the internal audit function and the effect of the audit management into play and really transform the audit production, so it will be make a progress in the economic benefit of the state-owned commercial bank on the base of which the economy is stepping on the new stage and the state-owned commercial bank is changing to the real modern commercial bank.