A Study On Corporate Governance,Cash Dividends And Over-investment Behavior:Based On Manufacturing Listed Companies

In 2013,the International Association of Internally Registered Auditors(IIA)revised the definition of internal audit and confirmed that internal audit has advisory function.China's internal audit association is increasingly updated.In the newly promulgated "China Internal Auditing Standards",the internal audit function has been revised to "confirmation and consultation".Consequently,under the promotion of new guidelines,the internal audit of Chinese companies has been upgraded to the level of participation in corporate decision-making and optimization of corporate governance.The internal audit has made a significant impact on the change in implementation concept,the professional quality of internal auditing practitioners,and the rising internal auditing responsibilities within the organization.ZT Communication Co.,Ltd.is a company that mainly engages in the integration of telecommunication information network systems.It is a backbone enterprise in the construction of national communications and was listed on the main board of the Shanghai Stock Exchange in 2016.Enterprises that develop fast often have dislocations in their development speed and management level.There are many problems and loopholes in corporate governance,such as the lack of strict implementation of the system,lack of management experience,and inadequate of professional talents.Internal audit failure of the enterprise can be seen in the common problems of such enterprises.If ignoring risk management,only focusing on the surface data without deep excavation,and looking over the essence of the problem,the internal audit cannot play its role of supervision and consultation.Therefore,the starting point of this study is to analyze the internal audit environment of ZT Company,including the auditing basic system,its operation procedures,and auditing methods.Then we provide solutions to the issues that financial and internal audit are not separated,the management does not pay enough attention to the internal Audits,and internal audit work is just limited on appearance.It proposes the establishment of a value-added internal audit model,the use of balanced scorecards,and the idea of conducting internal audits with the help of big data thoughts.At the same time,optimizing the internal audit business process through the establishment of an auditing grid accountability system,the company's internal risk survey questionnaires and other auditing methods,to enable better examination and evaluation of company's business content and to help companies achieve their strategic goals.