The Comparison Of Internal Auditing Standards Between China And International

As the key content of the internal auditing professional practice system, the internal auditing standards are not only the important subject of the internal auditing theory, but also an indispensable important component of the internal auditing practice. With the strongest influence power professional community, the Institute of Internal Auditors(IIA) announced the internal auditing standards in 1947, going through and revising completely, up until now has already formed the internal auditing standards system that reflects the internal auditing theory and practice in the developed country, including "The Internal Auditing Duty Manual","The Internal Auditing Professional Ethics Standards" and "standards for Professional Practice of Internal Auditing ". The Institute of Internal Auditors in China announced the internal auditing basic standards and ten pieces of internal auditing concrete standards in April 12 2003. The Institute of Internal Auditors in China announced fourteen pieces of internal auditing concrete standards and two pieces of implementation standards that are"the construction project auditing" and "the purchase of goods and materials auditing" for three times from 2004 to 2006, and planed to set up"the internal auditing standards system in China"that connects the principle and idea of the international internal auditing standards, reflects the internal auditing characteristic in China, more systematic and more complete in five years. In order to finish this work better, The Institute of Internal Auditors in China makes the comparison of internal auditing standards between China and international be an important content in "The work planning from 2006 to 2010 ".This paper, based on the comparison of the internal auditing standards between China and international, mainly using normal methods such as historical study,comparative study, and hoped to announce common characteristic and difference characteristic of them, analyze the reason why the difference produces, study the good experiences that make and improve the internal auditing standards system in China, with combining the new internal auditing idea by explaining the formulation and development of the internal auditing standards and carrying on the overall and basically comparative analysis of the internal auditing standards between China and international. The internal auditing standards is the technical standards, and the comparison of internal auditing standards between China and international is not only to facilitate to realize the aim" experience sharing and progressing together", to absorb in the good experiences of the international internal auditing standards, to narrow the disparity of the internal auditing work between China and developed country, to make the internal auditing of China develop in the internationalization and advanced direction, but also to facilitate to hold the universality and particularity of the internal auditing standards, to summarize and realize the development rule of the internal auditing standards, thus further to improve the internal auditing theory of China by the explanations of common point and difference point of the internal auditing standards between China and international. This paper has two characteristics. One characteristic is to make the overall and systematic comparison of the internal auditing standards between China and international firstly. The comparative content includes all standards (one basic standard, twenty-four concrete standards) and the standards having not released formally yet, the efficiency, the result and the economy (three E) standards (the draft). The international internal auditing standards are the new standards revised in 2004.The other characteristic is to consider the demand of the internal auditing standards system for comparing, concreting, thinning the internal auditing standards, in order to meet the new internal auditing idea of our country.This paper is made up of six parts:Chapter one: literature review and commentsThis chapter has reviews the literature about the comparison of the internal auditing standards from the domestic and foreign authors, showing that he comparison of the internal auditing standards is very important. Chapter two: the formulation and development of the internal auditing standardsThis chapter has summarized the development of the internal auditing standards of China and international, and has discussed the important function of the internal auditing standards. Chapter three: the overall comparison of the internal auditing standards between China and internationalThis chapter has fused on the comparison and analysis of four respects, the constitution and announcement, the frame, the structure, and the applicable scope about the internal auditing standards between China and international.Chapter four: the basic content's comparison of the internal auditing standards between China and internationalThis chapter has fused on the comparison and analysis of ten respects, the definition of internal auditing, the responsibility of internal auditing, the independence and objective, the professional competence, the career concern, the human communication, the quality confirm, the risk management, the internal control, the organization management about the internal auditing standards between China and international.Chapter five: the analysis difference reasons and the lessons about the internal auditing standards between China and international This chapter has analyzed the difference reasons about the internal auditing standards between China and international at first, mainly analyzing from two respects of the external reason and internal reason. Then this paper gave the suggestions of improving the internal auditing standards of China. During the developing process of the internal auditing standards system in China, we should mainly proceed with two respects: (1) Concreting, thinning some concrete standards, that makes them more effective. We should mainly concrete the standards about the independence and objective, the risk management, the internal control and the responsibility of internal auditing;(2) Announcing some new standards as soon as possible. We should mainly announce the standards about the internal auditing outsourcing, the internal auditor ability quality, the career concern, the internal auditing in information environment and the appraising organization management process.At last, it is the conclusion of this paper. During the developing process of the internal auditing standards system in China, we should use the advanced experiences of the international internal auditing standards and consider the concrete problems in China; The internal auditing standards is the bridge that audited the new internal auditing idea, we should deep and thin the internal auditing standards of China with the new internal auditing idea during the developing process of the internal auditing standards system, in order to turn the abstract idea into the concrete standards, to instruct and advance the internal auditing to transition in the all-round way and development. The comparing, concreting and thinning of the internal auditing standards of China should meet the new internal auditing demand of our country, and embody the new internal auditing idea.