The Discussion On The Application Of The Value-added Internal Audit Of D Company

Internal audit is a core content of corporate governance mechanism and an effective means for companies to control various risks.The Sarbanes-Oxley Act,introduced by the US Congress and its government in 2002,clarified the legal status of internal audit,and prompted internal audit to really move from behind the scenes to the front.In the process of market governance,China has also learned from western ideas and actively devoted itself to internal audit management and practice promotion.In the course of more than 30 years of development,China has established,revised and improved many relevant laws and regulations regulating internal audit work,and gradually introduced application guidance documents.The economy of China is undergoing a important period of structure adjustment and economic growth,In particular,due to the continuous decline of infrastructure investment in recent years,the growth rate of enterprises has slowed down,which has forced the enterprises to have a strong demand in improving the internal governance structure,optimizing the operation and management mode,and improving the efficiency of the system.As an important way to realize the enterprise's corporate governance structure and scientific management,and to maintain the company's stable operation,internal audit has been paid more and more attention by enterprises.Internal audit has gone through many stages of development.At the end of the 20 th century,internal audit was given a new definition by the International Association of Internal Auditors,emphasizing that internal audit is an independent and objective guarantee and advisory activity,and clarified the internal audit organization.The role of value added and improved operations marks the development of internal audit to a new value-added stage.With the continuous changes of modern social and economic forms,the business risks of all kinds of industries are generally aggravated.As the internal audit department of enterprise functional departments,it is also being pushed to change from the compliance inspection of accounting matters to the direction based on value added.Under the pressure of all kinds of risks and competition,require internal auditors to be forward-looking,not to look beyond their eyes,the strategist,both businesses and public sector internal audit institutions,by changing the way of audit for the business department and the organization provide better value-added service is the inevitable trend of internal audit transformation.Based on the above background,this paper takes D company as an example,based on the theoretical research,selects specific cases for analysis,discusses theimplementation mode of its value-added internal audit in the company entity,and carries out the effect achieved by the implementation.Thinking.Through the analysis of the implementation of value-added internal audit of Company D,it is discussed that enterprises should achieve the purpose of increasing value for enterprises by how to implement internal audit.D company,listed in SZ stock exchange in 2004,is a leading enterprise in the global refrigeration parts industry that builds a governance structure in accordance with the modern enterprise system.The internal audit plays a vital role in the company's management,evaluation and consultation within the company.The investigation and analysis of the internal audit of D company are of practical significance not only for the sustainable development of its value-added internal audit,but also for other private listed companies to carry out value-added internal audit.The main body of this paper consists of five parts,namely,the introduction,the basic theory of value-added internal audit,the case introduction of D company's value-added internal audit,the infiltration implementation of D company's value-added internal audit in the enterprise and the implementation effect achieved.The final conclusion and revelation.In the introduction part,the research background and research significance of this paper are expounded respectively.The functions,value-added ways and application of value-added internal audit at home and abroad are reviewed and reviewed.On this basis,the research ideas and research methods of this paper are implemented..The second part gives a theoretical overview,explains the meaning,background and characteristics of value-added internal audit,and starts from the three key service areas of value-added internal audit,and describes the way in which internal audit completes the added value of enterprises.Then the case introduction of D company is carried out,including the basic introduction and detailed organizational structure of D company,the specific motivation for implementing value-added internal audit and the system framework of value-added internal audit.The fourth part is also the main part of this paper.Through the foundation of the previous theoretical foundation,the paper analyzes the implementation mode of value-added internal audit of Company D.Combined with the key service areas introduced in the second part,it analyzes how it is obtained within D company.Implementation and results achieved.Finally,based on the above theory and case analysis,we draw valuable conclusions,sum up the premise and key points of D company's value-added internal audit implementation,and value-added internal audit can provide guarantee for enterprise value-added.At the same time,from the practical experience and conclusions of Company D,theenlightenment of the value-added internal audit of other enterprises is extracted.The environment,structure and functions play an important role in the effective implementation of value-added internal audit.Through the application of value-added internal audit of D company,it is hoped that through this paper,more private listed companies or other organizations will be encouraged to establish the concept of internal audit value-added,so that internal audit can help companies manage better.Simultaneously,I also wish that this essay can supply valuable reference for the implementation of value-added internal audit in Chinese enterprises,and let Internal audit can be better developed and growth in China.