Internal Control Audit Study Of X Insurance Company

In the changing times of national financial environment,the insurance industry related to people's life and property security is developing vigorously.Every step of its operation is closely related to people's vital interests.Therefore,our country attaches great importance to the health and stability of insurance companies.However,internal and external inspections have found that in recent years,there are not a few irregularities in insurance companies,among which fraud cases led by leaders have occurred from time to time.In 2006,our country first proposed to carry out economic responsibility audit for senior managers of insurance companies,and then in 2010 explicitly required to carry out in-service audit,outgoing audit and special audit for senior managers.It can be seen that the audit of senior managers of insurance companies still bears the brand of economic responsibility audit,because in-service audit and out-of-office audit are the key contents of economic responsibility audit.Internal control,as an important means of standardizing operation and preventing risks,plays an increasingly important role in insurance companies.The effectiveness of internal control is one of the three main contents of senior management audit in insurance companies,so the audit role of internal control can not be ignored.Compared with other industries in the national economy,the insurance industry has its own particularity.Sales,insurance and compensation are the three major operational links of insurance companies.They are not only the basis for promoting its development,but also the core business of the whole company.This paper chooses X insurance company as the research object,based on the analysis of its internal control audit status and shortcomings,designs the internal control audit procedures of three major links of insurance of City branch and County branch companies,and takes the results of internal control audit as an important index for the evaluation of the economic responsibility of senior managers of X insurance company.Finally,through the study of internal control audit of X insurance company,the paper puts forward some countermeasures and suggestions on how to improve the internal control audit quality of the national insurance industry.Compared with the traditional internal control audit research,this paper combines the internal control audit with the economic responsibility evaluation of senior managers of insurance companies,which provides a new idea for the theory of internal control audit of insurance companies.In practice,the strict internal control audit system can not only enhance the consciousness of senior managers to perform their duties according to law,but also act as the re-control of internal control.The improvement of internal control audit system and its implementation can promote the virtuous circle within insurance companies,which is beneficial to the healthy operation and vigorous development of the whole financial industry.