Analysis On The Internal Audit Of Railway Construction Enterprises

Since the outbreak of the international financial crisis, the global economy is perplexing, for the real economy is being hit, and many companies are not immune to the crisis. Although the direct impact on China is relatively slight, the negative effects cannot be ignored. Therefore, to alleviate the impact which financial crisis brought to China’s entity economy, China takes "expanding domestic demand, increasing security, and promoting development" as an important economic development strategy, with a key measure to increase investment in infrastructure construction. At the end of2008, the CPC Central Committee and the State Council invest4trillion to stimulus the economy and Railway, together with other large infrastructure construction, the pillar industry of the national economy which occupies large proportion. At the same time, the government also announced the investment of more than10trillion, which is undoubtedly a very good news to railway construction enterprises. Railway construction enterprises play an important role in promoting China’s economic recovery.As the significant increase of investment, the risk in face of the railway construction enterprise is also growing. Thus, to strengthen the internal audit and risk management is an imminent requirement. At present, the internal audit mode of railway construction enterprise is still in the primary stage, which can not meet the practical requirements of the rapid development of railway construction enterprise under the new situation. Therefore, to pay more attention to internal audit and the risks, to promote the construction of the enterprise in omni-direction has become an important research subject of enterprises’internal audit system.To solve this problem, the authors refer to the base at home and abroad in the relevant theory and practice of internal auditing on the current situation and existing problems of internal audit current development of railway construction enterprises are described. Meanwhile, X railway construction enterprise internal audit of the whole process of construction projects for the practical case for X railway construction enterprises to make the overall evaluation of internal audit the final conclusion and recommendations to improve railway construction enterprise internal audit.This article covers five parts. The first part covers the elaborate research "background and significance, ideas, frameworks, research methods; second part is a literature review on internal auditing, including the relationship between domestic and foreign research and development process of the internal audit internal audit and internal control between our internal audit the gap between foreign internal audit; third part describes the current issue of railway construction enterprise development status and the presence of existing internal audit; fourth part is X railway construction enterprises implement internal audit case analysis; fifth part of this thesis conclusions and recommendations to improve internal auditing railway construction enterprises:establish a sound internal auditing rules and regulations, improve the system of executive power; establish an internal audit environment and business development of the railway construction to adapt; promote the transformation of internal audit railway construction enterprises strengthen the internal audit team construction, enhance internal audit capacity strengthen internal control evaluation, and promote efficient railway construction enterprises standardize operations; strengthen internal auditing railway construction enterprise information construction, improve audit efficiency.The main contributions of this paper are:(1) The study of internal audit concentrated in finance, financial mixed operation, while the railway construction enterprise internal audit relatively little theoretical research, results of this study has some reference value.(2) Since the railway industry has a certain degree of particularity, the problems also has a certain universality, the author of X railway construction enterprise Practice of Internal Auditing of construction projects to illustrate the whole process of railway construction enterprise internal audit work, by analyzing the X railway construction enterprise internal audit problems for X railway construction enterprises overall evaluation of internal audit work. Finally, railway construction enterprises to improve internal audit recommendations. This railway industry to the outside world to understand the internal audit work has a certain reference value. However, several deficiencies still exist in the paper:(1) by objective factors, this paper only in X railway construction enterprise Practice of Internal Auditing of the construction project, for example, Analysis of railway construction enterprise internal audit work of the entire process, the study does not have a broad, relatively simple; being studied time I have limited knowledge and grasp of literature is not comprehensive enough, retrieval more difficult, the paper may also exist at the shortcomings and loopholes, and sincerely hope that the experts for their valuable comments and suggestions.(2) This article is only available through X railway construction enterprise internal audit general analysis of the problems, in order to explain the prevalence of railway construction enterprise internal audit issues, and proposed to perfect the author of railway construction enterprise internal audit recommendations, no related to how to design a railway construction enterprise operational measures and response program, which provides in-depth new topic for future research in this industry.