Design Of Internal Audit Department Performance Evaluation System Of Hunan Branch Of A Bank Based On BSC

The financial crisis in2008lets us witness the power of Domino Effects, thensenior manager of bank started to pay attention to internal control mechanisms. is anAs important part of internal control mechanisms, internal audit gets more and moreconcern. The attitude of bank to internal audit change gradually recent years. And thestatus of internal audit department in enterprise architecture improved slowly. Soperformance evaluation of internal audit department becomes very important.In the influence of the international advanced thought and practice of internalaudit of domestic banks, A bank reformed its internal audit department from headoffice to branch comprehensively, established an independent internal audit system.However, the Internal Audit Department Performance Evaluation System of Hunanbranch is still using the traditional assessment mode, leading to the transformation ofinternal audit work is not well enforced.This article aims to explorate and analysis the Internal Audit DepartmentPerformance Evaluation System problems of the Hunan branch of Bank A, find out thecrux of the matter, and on this basis, introduce the Balanced Scorecard, take the fourdimensions of the Balanced Scorecard as a starting point to build a scientific andreasonable system of internal audit department performance evaluation.This article first conducted a systematic combing of the performanceevaluation theory of the domestic and international internal audit department, find thebreakthrough to prepare for building a performance evaluation system. Then reviewedthe theory of the origin of the Balanced Scorecard and the conditions and its problemsin the application. And made a theoretical analysis for performance evaluation of thebanking industry, Elaborated the historical evolution of banking performanceevaluation, performance evaluation method and the target weight distribution methodSystematically. The third chapter analyzed the Hunan branch of Bank A’s the generalsituation of internal audit department and its development strategy, and then in-depthanalysised the problems of the internal audit department performance evaluation of thebranch, and tried to analyze the reasons for these problems. On the base of the first three chapters, Chapter4identified design principles of the Balanced Scorecardperformance measurement system, and designed qualitative and quantitativeperformance evaluation indicators from the customer, internal business processes,learning and growth, financial four dimensions, and weights were assigned. Chapter5focused on the internal audit performance evaluation system’s implementationprocesses, the problems should be paid attention to during the implementation processand the guarantee elements while successful implementation.