The Research On The Internal Audit Of Private Listed Companies In China

Since the reform and opening up30years, Along with the deepening of economic reforming and the sustainable and rapid development of economy, our country’s economy has made great progress and become the world’s second largest economy. During these years, large enterprises, especially private enterprises has been continually developing from no to have, from weak to strong, the production and sales scale expanding significantly, and gradually into track of the standardized management.On the orbit of standardization management, with the increasing of the number of subsidiaries and business across the region and industry, the top manager can’t directly get the company’s sales, personnel, accounting, and other operating conditions due to the limited size management. At the same time the company has to face the regulatory requirements from the regulatory organization such as Shanghai and Shenzhen stock exchange regulation. In this condition, internal audit system appear and grow fast into an important part of modern enterprise system, an important link in enterprise internal control and risk management, and a self "immune system" of economic operation of the enterprise.Because of the global financial crisis in2008-2009, great changes happens in the overall industry environment, economic system and regulatory system, especially China’s private enterprises. So, consumers, investors and regulators ask for more about the enterprise due to volatile markets, instable financial environment, and accelerating technological changes. Because of the increasingly complex market environment, enterprises need internal audit to be a more important role in a business. According to the official definition of international institute of internal auditors, internal audit’s objective is" add value and improve the organization’s operations". At this point, the teams of the private enterprise’s internal audit should take this opportunity to help the management and committee know the risk, and establish the appropriate control to improve the company’s operations and profitability.These papers introduces the general situation of internal audit development both at home and abroad, analyzes the background and the way of the ABC private listed company when carrying out internal audit work, show the present status of the internal audit work, and analyzes the problems existing in the work. Finally the measures to perfect the internal audit of ABC private listed company is put forward by changing the internal audit on the organization system, human resources, audit scope to adapt to the great changes in the external environment, show their capabilities, and provide enterprises with business idea as corpprate strategy consultants——According to the enterprise strategy and ongoing global expansion, help enterprises to deal with the current main business risks and those are approaching at an unprecedented rate.