Research On Optimization Of Internal Audit Quality Of Commercial Banks

In today's times,the development level of financial economy is very important to the overall economy of a country,and commercial bank,as the core component of financial economy,has a stable relationship with the whole financial order and the stability and normal operation of the economic system.In recent years,with the rapid and rapid development of the economy,modern commercial banks have grown into organic subjects with structural complexity,diversified business operations,large scale and meticulous operation,accompanied by constant innovation in financial products and increasing frequency of emerging financial transactions.The risks and crises of commercial banks are also gradually increasing,which also puts forward higher requirements for the operation and management of the banking industry.After the global economic crisis broke out in2008,the managers of commercial banks realized that it was difficult to control the risks faced by commercial banks by external audit alone.Internal audit should play a more important role in risk control.However,from the various cases of fraud in commercial banks in China in recent years and the audit results of industrial and commercial bank of China,agricultural Bank of China and CITIC Bank of China announced on June20,2018,due to many factors,the internal audit quality of commercial banks in China is still unsatisfactory,risk prevention and control has not been fully played.Therefore,how to improve and improve the quality of internal audit of commercial banks has become very important.On April 16,2016,the CBRC issued the Guidelines on Internal Auditing of Commercial Banks.It points out that"internal audit is an independent and objective monitoring,evaluation and consulting activity within commercial banks.Through the use of systematic and standardized methods,it reviews and evaluates and urges the improvement of commercial banking business operations,risk management,internal control compliance,and corporate governance.We will promote the steady operation and value of commercial banks.The objectives of the internal audit of commercial banks include:promoting the effective implementation of national economic and financial laws and regulations and regulatory rules;Promote commercial banks to establish andcontinuously improve effective risk management,internal control compliance and corporate governance structures;Supervise relevant audit subjects to perform their duties effectively and jointly achieve the Bank's strategic objectives.The new accounting law,which was revised on November 29,2017,makes new provisions for internal auditing,requiring that"the methods and procedures for conducting internal audit of accounting information on a regular basis should be clear."In order to further improve the quality of internal audit work,in 2018 the National Audit Office issued Decree No.11"Regulations of the Audit Office on Internal Audit Work".The promulgation of these audit regulations fully shows that the state and the banking Regulatory Commission attach importance to internal audit work and its quality.On the basis of loyalty to the essential characteristics of internal audit,it highlights the responsibility of internal audit in regulating economic development,preventing risks,and improving quality and efficiency in the new historical stage.Under this background,the article takes the case of the bank of China's N-division behavior,based on the theory of information asymmetry,fiduciary responsibility.,and uses questionnaires,literature analysis and other methods to study and analyze the factors that affect the internal audit quality of commercial banks.And put forward corresponding optimization suggestion..