In modern enterprise management, the demands of enterprises for internal audit are constantly increasing, and the status of internal audit is also constantly improving. The following is an internal audit paper organized by Xiaobian for everyone's reference.
Internal Audit Paper 1: Analysis of the Relationship between Internal Audit and Corporate Governance
Abstract: The operation of modern enterprises is becoming more and more standardized, and internal audit has become more and more important. The operation and ownership of an enterprise are generally separated, and the relationship between corporate governance and internal audit needs to be balanced. This article explains the problems in corporate governance, and then proposes how to strengthen internal audit to improve the company's operations and management.
Keywords: internal audit; corporate governance; problems; countermeasures
In recent years, the economy has continued to develop, and financial scandals have also occurred in society, such as financial crimes such as embezzlement of public funds. External audit has little restraint on the company's internal, so companies gradually set their sights on the company's internal audit management. Internal audit is the core part of an enterprise's internal control organization. This paper studies the effectiveness of internal audit, and then proposes countermeasures suitable for the company's internal management.
I. The relationship between internal audit and corporate governance
China's audit institutions were established under our audit policies. The establishment of audit institutions and staffing are also arranged in accordance with national regulations. Internal audit represents an enterprise's supervision mechanism. This is a department where a unit supervises other departments on behalf of management, but now corporate governance has limited the role of internal audit. Corporate governance is the management of the company, which is to allow the person in charge of the company to maximize the benefits and realize the added value of the company. The internal and external aspects of the company have formed a complete process of mutual supervision and restriction. Corporate governance is to achieve internal checks and balances within the company; internal audit is an independent organization that exists within the company. It is a department that helps other departments to improve corporate governance. They are interconnected and differentiated.