Studies In Internal Audit Of Agricultural Bank Of China

After the transformation of shareholding system and capitalization, state-ownedcommercial banks have experienced with significant changes in the ownership, managementpower and capital structure as they continue to deepen their own corporate governancestructure. As an important department of business governance, internal audit has shifted fromfinancial audit to efficiency audit and management audit, from traditional audit to modernaudit, from post audit to pre audit and audit during the process. The emphasis has changedfrom supervision and punishment to improving management. Accordingly, the emphasis ofinternal audit of state-owned commercial banks will be turning from simple complianceaudit to risk-oriented audit, economic responsibility audit, regulation and process audit,operation audit and economic efficiency audit. Based on the research of internal audit intheory and in practice, this article analyzes on the issues and causes of internal audit of subbranch of Agricultural Bank of China through studying its recent development and currentsituation in internal audit. With the help of the advanced internal audit experience of othercommercial banks domestic or abroad the article also comes up the article also comes upwith solutions and advice to improving the internal audit ofAgricultural Bank of China.