Research On Internal Audit Optimization In W Group Corporation Suzhou Factory

With the constant change of market environment,intensified external competition,enterprises are facing more and more operational,financial and compliance problems,in order to seek development,improve the competitiveness,the internal audit function arises at the moment.And the function plays a more and more important role in the long-term development of domestic and overseas enterprises.More and more enterprises have set up internal audit function to help enterprises reduce operational risks and ultimately help enterprises to achieve their overall goals.W Group has been established over 50 years,and has been in the middle of the world’s top 50 companies in EMS industry.In the face of fierce market competition,this paper hopes to explore the internal audit function of W Group Company Suzhou factory,and improve the overall competitiveness of factory by optimizing the internal audit function and indirectly optimizing the operation and management mode.First of all,through literature search and elaborates internal audit related theory,strengthen the understanding of internal audit concept,research situation;Secondly,introduces the basic information of W factory,as well as the basic function of internal audit in W factory;And then through the questionnaire survey,field test,interview and other forms to analyze current W factory internal audit function,summarized the following weaknesses:internal audit system is not sound,the scope of internal audit is not comprehensive,internal audit process is not perfect,lack of internal auditing information technology application,and repeated findings always be detected in follow up audit,the aim of this paper is to dig out the root cause of the problems and find out the efficient solutions:establish internal control system and internal audit policy,introduce experienced talents,establish effective internal training mechanism and career development path,develop suitable internal audit software.In the end,a brief summary of the paper is provided,and described the shortcomings of this study.The paper starts from the current situation of internal audit function,investigate the root cause of the problems,and then provides proposals to optimize the internal audit function,so as to provide a reference for other manufacturing enterprises,and meanwhile make certain theoretical and practical contributions to the development of internal audit.