Study On Chinese Governance-oriented Internal Audit

With the increasingly complicated economic environment, endless management fraud, internal audit is faced with unprecedented opportunities and challenges. With modern businesses the continuous strengthening of corporate governance requirements, internal audit and value-added governance to achieve the same goals, the function, technology and methods, content and scope of internal audit changed, governance-oriented internal audit came into being. The aim of governance-oriented internal audit is to meet the different levels of stakeholders needs, to improve its management structure and the governance environment, and realizes enterprise's value increment. Concerning about corporate governance, assist in the improvement of corporate governance, and promoting the effectiveness of corporate governance is the mission of internal audit, internal audit is essentially governance activities should be not just management activities.This dissertation adopts the normal studies and case study, and analyzes the governance-oriented internal audit from two perspectives of theory and practice. Then, it proposes several suggestions based on the results of the survey questionnaires. The article is composed of four parts. Firstly, we retrospect internal audit-oriented histories; Put forward the concept of governance-oriented internal audit. Secondly, from the basic theory, applied theory and governance body build three levels of theoretical system of governance-oriented internal audit. With the basic theory, applied theory as the theoretical support. Then, achieve governance effect through providing services to all stakeholders. Thirdly, adopt survey methods, analyze the status of governance-oriented internal audit in our country and point out the problems. Finally, we make some suggestions according to the problems and try to promote the implement of governance-oriented internal audit in our country.There are some new points in this article. First, the study angle of theory is unique. Build the theoretical basis of governance-oriented internal audit combining with fiduciary duty theory, internal control theory and value chain theory. It is provide a more solid theoretical support for in-depth understanding of the internal audit's role in corporate governance, provides a reasonable explain for governance-oriented internal audit mechanism. Second, establishes theoretical framework. From the basic theory, applied theory and governance body build three levels of theoretical system of governance-oriented internal audit. With the basic theory, applied theory as the theoretical support. Then, achieve governance effect through providing services to all stakeholders. Third, we collect data about status of internal audit in our country and compensate the scarce of datum so that we can discern and solve problems.