Research On The Impact Of Party Organizations' Participation In Governance On The Quality Of Internal Audit

Attention to the quality of internal audit stems from people's hope to improve the internal governance mechanism,enhance the value of the company and improve the internal governance environment.Based on the unique political environment of our country,this paper analyses the relationship between the Party Committee and the quality of internal audit from the perspective of the participation of the Party organizations in governance.Most of the existing literatures have studied the quality of internal audit from the perspective of governance,and found that the importance of executives,company size,government supervision and other factors have a significant impact on the quality of internal audit,tracing back to the source.The effectiveness of these factors mainly depends on the exertion of internal and external regulatory forces and the resource tilt caused by the internal demand of the company,while the Party Committee as an advanced political party.In order to fulfill its responsibilities and obligations,to a certain extent,its supervision is more powerful and its attitude is more just.Therefore,this paper puts forward the assumption that the degree of the Party committee's participation in corporate governance will have a positive impact on the quality of internal audit.In order to study the different channels of the Party committee's participation in governance on the quality of internal audit,the ways of the Party committee's participation in governance are subdivided and studied separately.It is found that the deeper the degree of participation of the Party Committee in governance,the better the quality of internal audit.Specifically,the degree of "two-way entry" and "cross-appointment" of the Party Committee are significantly positively related to the quality of internal audit.The higher the degree of participation of the Party Committee in the governance of the board of directors,the better the quality of internal audit.Also,the Party Committee's participation has a positive impact on the quality of internal audit.The participation of the board of supervisors and the Party Committee in the management governance and the concurrent chairmanship of the Party committee secretary and Deputy Secretary of the Party Committee in the enterprise are also conducive to improving the quality of internal audit.The results of this study confirm that the participation of the Party Committee in governance can effectively improve the quality of internal audit,but the results also show some problems,indicating that the relevant system of the participation of the Party Committee in governance needs to be improved.The results of this study confirm that the participation of the Party Committee in governance can effectively improve the quality of internal audit,but the results also show some problems,indicating that the relevant system of the participation of the Party Committee in governance needs to be improved.