A Research On The Internal Audit Mode Based On The Stakeholders' Value View

In recent years, both at home and abroad , the corruption cases of financial statements, such as China's Zhengbaiwen, Dawn shares, silver mansions, King public source, the Daqing Lianyi, Darman, the United States of Enron, WorldCom, Xerox and so on frequently outbreak. Enterprises'corrupt cases in the financial statements cause huge economic losses,and seriously damage stakeholders'interests. The theory of Stakeholders became a hot-topic and the centre of Corporate Governance.The establishment of the internal audit mode based on the stakeholders'value view will contribute to change the positioning of internal audit's strategic goal , build a harmonious relationship about internal audit , avoid the alienation of the internal auditing behavior effectively due to the managers'interference , further enrich the internal auditing behavior theory, urge internal audit to become a tool for coordination of interests, reflect the role and value of the internal audit in the enterprise, thus creat a strong internal audit system to adapt to the urgent need of the changes in the development of the company operating environment.First this paper defines the internal audit mode based on the stakeholders'value view: the internal audit mode based on the stakeholders'value view is a system design and arrangement,which guide with the satisfaction of enterprise stakeholders groups'interest, coordinates the internal audit stakeholders interests at the core, followes the win-win logic, and optimizes the power chain configuration about internal audit, integrates the enterprise's internal audit resources under the leadership of audit board leaded by board of directors, exercises the amended ERM oriented internal auditing methods and achieve the satisfaction of internal audit efficiency.The internal audit mode based on the stakeholders'value view is a limited reasonable mode of the internal audit. And this paper is based on the theory of the internal audit mode, stakeholders and conformity, induces the formation mechanism of the integrated internal auditing model based on the stakeholders'value view by analyzing the influencing factors and their relationships in the internal auditing system. Then this paper positions strategic objectives and ministrant groups of the internal audit , designs a multilateral governance model of the internal audit control channels,amends the ERM oriented internal auditing methods,and defines the contents of the audit. Then this paper proposed mechanisms to ensure the effective and efficient operation of the integrated internal auditing model such as management of accountability mechanism, contingency mechanism, incentive mechanism for employees, ideal mechanism. What's more this paper proposed tactics to ensure the effective and efficient operation of the integrated internal auditing model as follows: to follow the best practice of corporate governance;to arrange the power and responsibility precisely; to strengthen the improved philosophy of enterprise-wide risk management; to clear the environment of internal auditing; to integrate internal auditing resources and promote internal auditing capability; to build learning internal auditing organization to ensure the effective and efficient operation of the integrated internal auditing model. Finally there is a case study of a world class Top500 multinational corporate group to testify the Internal Audit Mode based on the Stakeholders'Value View.