Research On The Role Of Internal Auditing In Corporate Internal Control And Risk Management

For the company, internal audit is the window of the whole company, is to manage the eyes and ears of the decision makers. The development of the internal audit has experienced from the traditional financial audit to modern management audit, crossed check leakage errors and eliminate the phase for fraud, is a higher level development, such as internal control audit, risk management audit, corporate governance, audit, etc. With the great changes have taken place in domestic and international economic environment, increasingly highlight of internal audit in an important position in the company’s operation and management, it is not only an important part of company internal control system, and plays an important role for the company’s risk management. Internal audit can bring appreciation for the value of the company, and improve the company’s financial ability to compete, eventually improve the company’s core competitiveness.This paper tries to from internal audit, internal control and risk management three angles to illustrate the importance of internal audit and the value-added use of the company. The author adopts the method of normative analysis and case study, on the basis of sorts through literature, discusses one by one of the internal audit, internal control and risk management connotation, again with Y company as an example, the present situation of internal control and risk management, internal audit for the company’s internal control and risk management plays an important role. Internal audit can through the supervision, evaluation and improvement effect in the process of internal control and risk management, help to increase the value of the company, so as to realize the strategic goals of the company.Through this study, the following conclusion:internal audit can increase enterprise value for the company. Add value not only staying in cost savings in the form of internal control, also reflected in the internal audit can prevent and early warning and risk in the process of company management, and improve the financial competitiveness of the company, the company can maintain financial competitiveness, so as to help the company long-term core competitiveness, maintain stability and sustainable development of the company.