Value-added Internal Audit Study On Aviation Industry Corporation Of China

Internal audit is an important part of the Enterprise Groups'management, which has an extremely important status in the management. For many of the modern enterprise groups, internal audit is a kind of assurance and service consulting activities to ensure effective internal management. Internal audit takes a systematic, standardized method to assess and improve the internal control, risk management and corporate governance, to maximize the possibility of corporation sustained profitability. Basically, internal audit is used to increase the value for the groups.With the integration of the aviation industry, the company meet a new development stage of professional, industry, market, capital and internationalization in accordance with the "two-financing, three new, five-oriented, trillion" development strategy. At the same time, the enterprise group is facing the problem of controlling a larger business, a wider geographic distribution, more industry. All the problems are essential to the group's survival and development. Then internal audit has been an important method to against the risk and strengthen the internal governance. Internal audit group is responsible for the promotion and protection of the strategy. As international and domestic situation and the group continues to develop, the internal audit work face with the new requirements. Group Internal Audit will not only help to achieve control objectives, but also to provide value-added services to enterprise groups.Based on mentioned above, the paper is on the value-added internal audit of China Aviation Industry Corporation. In this paper, normative study method is used mainly, supplemented by chart shows, and theory combined with practice.At the reference of domestic and abroad literature, this paper devotes two chapters to the outline of the theoretical basis of the group internal audit and the value-added internal audit, and describes the meaning of the group's internal audit and the special nature, the relationship between group internal audit and national audit and, certified public accountants audit. The meaning and characteristics of value-added internal audit is given in this paper combined with the IIA (IIA) new definition of internal audit, analyzed the value-added function on the three mainly areas of internal control, risk management and corporate governance.In practice, combined with the basic situation of China Aviation Industry Corporation and the domestic and international situation Group Internal Audit meets with. The group internal audit situation and problems are studied and analyzed, we found that we have made some achievements, but some aspects still needed to be improvement. Such as, it is imperfections in the institutional system, and audit environment need to be improved; the fields internal audit involved in is incompletely, the value-added needed to go further; there are too less high quality and compound auditors; the audit system is still not complete standardization, the quality of audit are not good enough. To compared with foreign similar groups, we know there still a great room to development for China Aviation Group's internal audit.How to develop value-added internal audit? In this paper, the author gives us the detailed outlook and the put forward concrete measures on the organizational model, the audit business, personnel system, standardized construction, Information audit methods and audit culture construction, combined with the group internal audit current tasks and the goals of development. Overall, China Aviation Industry Group Internal Audit should take innovation as the driving force to strengthen the business and management, to improve the audit quality to produce the effectiveness as the core, to achieve the sound of organization, supervision and systematic, standardized operation and management of information as the main content, to raise the overall level of internal audit. Internal audit consists of several systems, including the efficient organization system, scientific and standardized system, risk-oriented information system, personnel system, and people-oriented culture system. At the same time, internal audit fields need change from financial audit to the management audit, that is, change from supervision-oriented to the service-oriented, change from the audit form the post audit to the whole process audit, change from the traditional manual audit to computer-aided and information audit, to ensure the group development strategy success. Above two parts mentioned about group internal audit current situation and development prospects is the focus of this paper.This last part is about the current theory how to value the internal audit performance. There are several methods, including the target value method,360-degree assessment method, economic value added method, Balanced Scorecard, etc. The performance evaluation applicability of the balanced scorecard is analyzed, due to it combines financial indicators with non-financial indicators, Balance scorecard-based performance evaluation index system was constructed accordance with the group internal audit actual situation.This whole study around the group's development strategy goals, analyzed the Group's internal audit situation, problems, development prospects and initiatives, performance evaluation, focus on the combination of the internal audit theory and practice. It play an important role in the group's internal audit construction, value-added has important And the combination of the construction of the internal audit group to play with more value-added role important theoretical significance and practical value, there are some theoretical and practical value in the construction of the internal audit and value-added.