Research On Function And Realization Route Of Internal Auditing In MD Company

In our country, much significant risk management failure events has appeared, they brought indelible wounds to the management of enterprises, they also caused significantly eroded to the country’s state assets. To deal with this, our country has gradually formulated the enterprise internal audit standard, constantly promoted the implementation of the enterprise internal audit work. The sluggish steel trading market brought a great test to the internal control policy of steel trade enterprises. But the internal audit work of MD Company can identify the warehouse risk before the risk happened and avoid a series of risks for the companies every time.To investigate this situation, the article analysis the internal audit work of the MD Company:First, the internal audit institution of MD Company is strictly led by the general manager, the mode is still not enough to carry out the supervision of the whole enterprise. Second, the internal audit process of MD Company is quite complete, but the system basic model can’t satisfy the need of decision support. Third, MD Company considers internal control as the core content of the internal audit work. Fourth, the role of internal audit for the enterprise management has not been company fully attention. Aiming at the existing problem of MD Company, this article has the following suggestions:First, taking advantage of the board of directors, the auditing department of the parent company; Second, introducing risk-oriented internal auditing; Third, making full use of the audit mode transformation; Finally, controlling the quality of internal auditing.Through the analysis, it can generalize the lessons of MD to other enterprises:The first question, how to ensure the function of internal audit work? The question requires efforts from both the setting up of institution and function localization. The second issue, how to create the maximum utility of internal audit? First, the quality of internal audit must be ensured; second, the results must be made full use of. Based on the analysis, we can know how internal auditing should do in order to play a better role in corporate governance.