Research On The Function Of Internal Audit In The Management Of State Owned Enterprises

The state-owned enterprise is the foundation of maintaining the basic economic system of our country,it is the strong shield of developing national economy,maintaining social stability,ensuring and improving people's livelihood and enhancing the national competitiveness.Internal audit as a state-owned enterprise self-supervision and constraint,coordination of the functions of institutions,to strengthen corporate governance,serious discipline,the protection of state-owned assets,plays a positive role in promoting business and other aspects.However,due to Chinese internal audit starts late and the time of development is short,state-owned enterprises' inherent structure and special management mode included,resulting in internal audit in the vast majority of state-owned enterprises does not play a due role,or as a decoration.Therefore,how to strengthen internal audit of the state-owned enterprises in risk prevention,strengthening corporate governance,increasing the value of enterprises plays a much more effective role,this is the future development trend of the internal audit,the need for futher research direction as well.In this paper,the role of corporate governance in the internal audit of state-owned enterprises is studied.Firstly,in the first chapter.the article describes the background of internal audit and corporate governance,significance of the research and the basic thoughts and purpose of the thesis,summarizing the current status of the study on corporate governance and internal audit at home and abroad.The second chapter focuses on the definition of corporate governance and internal audit in corporate governance of the state-owned enterprises,covering the model of corporate governance and the governance goal,as well as the function of internal audit and its status.Next,the third chapter makes an analysis on the factors that may influence the effect of internal audit on corporate governance of the state-owned enterprises,bringing forward some problems that exist in this department.In response to these problems,the following chapter puts forwards some corresponding strategies to improve the situation.Next,a state-owned private company,MG,is cited in the fifth chapter.With real examples of internal audit in MG,together with the cases of its risk-oriented audit,economic accountability audit and performance audit,the paper reaches a conclusion in line with the objective reality of MG in the end.Most importantly,through making the summary of the achievements and deficiencies that internal audit in MG has respectively got since the beginning of its work,the paper aims to offer some basic security for MG to further improve its corporate governance and fulfill its management objectives in the future.Moreover,it expects to provide a reference for those internal audit departments in corporate governance of the state-owned enterprises as well.