Internal Audit Case Study On Aviation Industry Corporation Of China

Internal audit is an important factor of enterprise internal control, which is in an irreplaceable position in the operation and management. For an enterprise group composed of many companies, internal audit is an important way to evaluate whether a group of internal management is effective or not. It’s goal isto control the risk of enterprise management, the internal auditing makes use of systematic and standard method to evaluate and feedback the result of internal control, risk management and corporate governance, helping enterprise group to realize the management goal of profit maximization.In recent years, Aviation Industry Corporation of China speed up the pace of integration of state, putting forward the "two R,3X,5H, xE" strategic objectives, it is on its way to the new era of international innovation. At the same time, AVIC is facing the huge, bloated, industry wide range operation and management of practical difficulties, so the internal audit has become the important measures of preventing risks. Facing the macro environment of international and domestic situation changes and the group’s own speeding development, the growing risk factors put forward new requirements to the internal audit work, internal audit is not only to provide good monitoring function for internal control, as also as to provide the system to resolve the risk.Based on the above analysis, the paper is on the internal audit and risk prevention research based on the AVIC. In this paper, normative study is mainly used, supplemented by chart shows, and theory combined with practice.In the theoretical part, first, the essay discusses the concept and theoretical basis of internal audit of the enterprise group, this paper introduces the connotation of the enterprise group internal audit, content and its particularity, combined with domestic and foreign research present situation, proposed the practical significance of the internal audit for the risk prevention of the enterprise group; Second, the paper analyzes the ma in role of the internal audit in the aspect of risk prevention, and emphatically analyzes the special risks facing the large enterprise groups and response; Third, through the analysis of the role of internal audit in risk management process, the paper put forward the necessary conditions of the internal audit playing a role of risk prevention. At the same time, the main arguments in the form are in use of case reflects how the internal audit playing a positive role in risk management.In the practical part, based on the above three points, in the fourth part, this paper emphatically analyzes the main environment at home and abroad the AVIC facing, analyzes the main problems of it, for example, internal audit organization system is not perfect, the audit business areas of carrying out comprehensive quality needing to be promoted in-depth, auditors and internal audit culture with the characteristic of aviation system has not yet formed. Compared with the developed countries level, the internal audit’s role of Aviation Industry Corporation of China in risk controlling also has the very big development space.In the fifth part, in this paper, the development of internal audit in risk controlling will be discussed in depth. Combined with the AVIC’s development strategy and current problems, a longer length discuss is prepared to improve its internal audit organization system construction, expand the development of business areas, and the auditors’improvement and construct the characteristic culture system, and specific measures are put forward. And the paper concludes that as long as the AVIC obtains long-term and in-depth development, it has to take the risk controlling as the goal, to strengthen the construction of the internal audit, especially in building a perfect system of sound organization system, rigorous and meticulous system, early warning mechanism based on information system, comprehensive professional talent system, aviation characteristic of the cultural system construction, to make the internal audit work better for risk prevention services.Described in most of the second and the third paragraph of this paper, the internal audit work of the AVIC analysis and the problems existing in the development of proposal is the focus of this article, is also innovative achievements.This article starts from the internal audit concept connotation, character i st i cs and the problems existing in the internal audit and other aspects at home and abroad, combined with the case of the AVIC analyzed the problems of internal audit,and based on this, mulberry is put forward to improve its main measures and methods, in terms of risk control for the development of the group and the construction of the internal audit system, play a better role in risk prevention is of important theoretical significance and practical value.