An Internal Audit Case Study Of ED Group Based On Value Added

With the deepening of economic reforms of our country,the market competition is becoming increasingly fierce.In order to achieve own goals in such an environment,internal control system construction of the enterprise itself is appearing very important.Internal audit is an important component of company's internal control,it is also a tool to supervise the daily business activity of group company,and plays a decisive role for the group,the company's normal operation.For many modern group company,internal audit is the supervision even assurance of group company for effective business activities.Internal audit have an effective monitoring and evaluation to the firm's internal control execution,method of risk management and corporate governance conditionsby the auditing standards audit method.It has very significant effectfor the management efficiency,the reliability of financial reporting and the legitimacy of the business.The most fundamental purpose of the internal audit activity is to help enterprises realize value-added.In the current situation,China's coal industry is facing huge pressure to overcapacity,ED group company always adhere to the enterprise spirit "Sincerity to walk the world,Sowing in the future".ED has entered a new stageof development which is featured with specialization,industrialization,marketization and capitalization,and began to enter the process of internationalizationwhile facing many practical problems in group control,such as the enterprise scale,industry wide and so on.Therefore,internal audit has become a important toolto enhance the internal supervision of enterprise and guard against business risks.With the development ofglobal economy and increasingly powerful group,Enterprise's internal audit faces more severe requirements.It is not only to achieve the goal of enterprise internal control,but also to contribute strength for group company's value-added.Based on the above background,the internal audit work of ED as the research object in this paper,it takes the method of case analysis,trying to explore and establish the management oriented internal audit which for adapting to the new normal economic and social development.In the case of the research,it starts from the practice of internal audit,and increase the area of responsibility of the internal audit,transformthe starting point of internal audit,increase the internal audit work category,finally realize the Internal audit value-added role of group company,improve the management efficiency of group company,so as to make the group company can effectively control business risk,improve the efficiency of the group company,promote the value of group company.Thus realize the sustainable development of the group company.This article includes five parts altogether.The first part is the introduction.The introduction part mainly introduces the research of this article is in what kind of background,and in this paper,the significance of the results of the study;Also in this article introduces the research methods used in the process of research,and draw the research framework of this article.The second part is the internal audit related literature review and research base.This part is mainly on the development of value-added internal audit review related literature at home and abroad,and find out the starting point of this paper.Also mainly introduced the fiduciary duties related to the audit theory,value chain theory,information hypothesis theory.The third part is the case study part.This part by ED group company as the research object,from the group company's basic situation,development and current situation of the internal audit,the main problems of group company of value-added internal auditing and cause analysis is presented in several aspects.The fourth part,ED group of value-added internal auditing reform strategy.For the problems of value-added internal audit in ED group company,put forward the corresponding reform strategy.The fifth part,the article conclusion and prospect.Above group company internal audit problems and development strategy of two parts is the focus of this article,in this paper,the research on corporation's internal audit development strategic target,analysis group co.,LTD.The problems existing in the internal audit,development prospect and measures,pay attention to the combination of internal auditing theory and practice,the construction of group company internal audit,give play to the role of value-added is of important theoretical significance and practical value.