Research On The Problems And Improvement On Internal Audit Of China Bohai Bank

In the global economy adjustment background,China's economy entered a new normal.At the same time,China's banking industry will also enter the slowdown,rising risk of new normal.With the decline in economic growth,the real estate market continued downward,the rapid rise of the Internet and finance to expand the floating range of interest rates on deposits,increasing pressure on the operation of commercial banks.Faced with such a severe external environment,commercial banks had to improve corporate governance through internal control and to improve operational efficiency and risk control.Internal audit as an internal monitoring,evaluation and service mechanism for commercial banks operating efficiencies,improve internal controls and corporate governance plays an irreplaceable role.Especially in improving corporate governance and risk prevention capabilities,internal audit of commercial banks will play an increasingly important role.China Bohai Bank,a national joint-stock commercial bank,was established in 2005 and is based in Tianjin.It is a young commercial bank.China Bohai Bank ranks the top among commercial banks in China.Its business is developing healthily and steadily,and its comprehensive competitiveness is improving.However,although its risk-based internal audit has made some achievements,there are still some problems in internal audit,such as failure to fully identify risks,unscientific risk assessment methods,lack of culture of internal audit,narrow scope of internal audit,backward internal audition procedures and low-quality auditing team.Starting from the current situation of internal audit,combined with related theories,through analyzing the problems and causes of internal audit,the following five suggestions are put forward:First,expand the perspective of evaluation.Expand the sources of information,expand the connotation of audit evidence and bring external factors into risk analysis;Second,build an internal audit evaluation system.We should improve the content system and adjust the internal audit evaluation system in a timely manner.And third,expand the scope of internal audit.Promote the risk-based internal audit strengthen the audit of the electronic bank;Fourth,optimize the internal audition procedure.To improve beforehand,audit process and subsequent supervision;Fifth,strengthen the construction of the audit team.We should strengthen the training of the internal auditors and the vocational moral education and optimize the assessment and evaluation mechanism of the internal auditors.Based on the actual situation of China Bohai Bank,using the literature research method,case study research method and empirical summary method,describes from the aspects of risk identification of internal audit,construction of risk evaluation system,scope,procedures,team building,and finally puts forward a series of methods and measures to improve its internal audit.The results not only have great significance and practical value to improve the internal audit of China Bohai Bank,but also have a significant reference for improving other commercial banks'internal audit.