A Study On Establishing The Key Areas For Internal Audit Of Hunan Xiangzhonghai Real Estate Co., LTD

Strengthening internal audit is helpful for reinforcing the enterprise internalmanagement, and optimizing the allocation of resources; reasonably determining thekey areas of internal audit is the premise of taking the internal audit function fully,and is warranty to enhance economy, efficiency and effect of the enterprise internalaudit, is the assistor of enterprise especially private enterprise’s survival anddevelopment. Therefore, a study on the establishment of the internal audit key areashas the positive reality meaning and theoretical value.Hunan Xiangzhonghai Real Estate Co., LTD is a private enterprise based on realestate business, through analyzing present situation of the internal audit and theestablishment of key areas, we found that present situation of the internal audit is notoptimistic, such as establishing internal audit organization is not reasonable;equipping with Internal auditors is improper; internal audit business area is limited;internal key fields audit way is not reasonable, lacking of advance and during audit,only afterwards audit. And the internal audit work in key areas establishment is notstandard, scientific, even not reasonable. Mainly in:(1)the establishment of theinternal audit key areas lacks of principles and standards;(2) established principles ofkey areas and standards is missing;(3)the choice of method is taking big shareholdersintending to act, and do not comprehensively measure and establish according to therisk of real estate;(4)the establishment of the internal auditing important fields is theoneness, such as if only concern assets, especially monetary fund assets safe. Theroots of leading to these problems is that:(1)the company’s internal audit institutionslacks of independence, without the correct localization internal audit functions andproperties;(2)the internal auditing goal is not clear;(3)the internal audit personnelshortage and the quality is not high. According to these problems, this paper also putsforward the related improving suggestions:(1)Setting up reasonable internal auditorganization and clear the internal audit goal;(2)Studying the reasonable principles,standards and methods on establishment of internal audit key areas;(3) Expanding theinternal audit function and the content of the key fields. Such as making internal auditstrengthen risk management and keeping internal audit value-added service afoothold;(4)taking the advance, during audit as focal point, and taking the afterwardsaudit as supplement.On the one hand，these suggestions in a microcosmic Angle solved this company practical problems in establishing the key fields of internal audit,on the other hand, it in the macroscopic perspective provided the reference for theestablishment of the key fields of internal audit of private enterprise.