The Research On Improvement Of Internal Audit Of Hunan Petroleum Branch Of Sinopec

With the expansion of implications of SOX in the global,the role of internal audit is constantly expanded,and the expectation of organizations for the internal audit function has also increased.How to build strategic internal audit function for the organization to add value,not just the issue that the senior managements of enterprises consider,but also the key issue that perplex the internal audit professionals and theoretical researchers.In 2001,the Institute of Internal Auditors(IIA)redefined internal audit Internal audit is an independent,objective assurance and consulting activity,designed to add value and improve operations of an organization.It helps an organization accomplish its objectives by bringing a systematic,disciplined approach to evaluate and improve the effectiveness of risk management,control,and governance processes.This new definition showed that internal audit has entered a new era of value-addition.In developed countries,the incremental internal audit has become an important trend of development of corporate internal audit,which indicates that the core of Modern Internal Audit has upgraded to value-adding and efficiency-improving.Internal audit function should manage to change from traditional supervised and evaluated functions to value-added function,and play the role of "firewall" and "think tank".However in china,The awareness of internal audit remains on traditional concept,and the majority of internal audit in enterprises still remain in the phase of discovering types,which make internal audit not receive sufficient attention,and the value of audit not fully expressed.Nowadays,enterprises are facing greater operational risk,so the backward understanding on internal audit contradicts rapid development of enterprises.In addition,with the constant division of work in modern market economy,internal audit departments are facing embarrassment of being laid external of enterprise.Therefore,the problems that how to make internal audit play a greater value,and internal audit how to increase value for the organization,need to be solved urgently.Taking Hunan Petroleum Branch of Sinopec as an example,based on the analysis,summarized method,positioning,from internal audit organization pattern,human resources and practical work situation of four aspects,such as introduction to Hunan Petroleum Branch of Sinopec to carry out the basic situation of internal audit.And from the Angle of the internal audit function,analyze the problems existing in the process of case company audit development.Then,the author makes a detailed analysis of the causes of internal audit problems.Then,it puts forward the corresponding solutions to every problem,and designs the improvement plan of the case company internal audit from two aspects:the perfection of the internal audit function and the expansion of the value-added function.Finally,from the perspective of the process and system,database construction and the perspective of performance evaluation,the paper put forward a series of security measures to ensure that Hunan Petroleum Branch of Sinopec to solve the problems existing in the internal audit.