The Studies On The Relevant Issues Of The Internal Audit Of The Central Bank Of China

With all the financial crisis and turbulences that happens frequently all over the world since the 1980s, the global financial crisis that begins in 2008 from the United States have brought up the issue of how a nation’s central bank, the nation’s regulator of all financial institutions can fully extends its inner auditing functions. And now, as the People’s Bank of China is enhancing its functions and also deepening its business, it will be very helpful to study how the PBC can improve its inner auditing functions in order to prevent from financial risks, regulate the internal management, improve the administrative capacity, and also perform its duties better.This dissertation has researched the inner auditing function based on Jinan Branch of People’s Bank of China. As one of the nine branches of PBC nationally, Jinan Branch is a very good sample to study. By consulting to theory and researches of inner auditing function of PBC and other nation’s central bank, this dissertation researched the Jinan Branch’s independence, auditing forms, inner auditing teams’construction of inner auditing function and how the branch exert its auditing function on the basis of Jinan Branch. Also, this dissertation researched how the Jinan Branch constructed its auditing evaluation standards and the systems about its auditing functions. Problems about inner auditing and cause of this have been found Jinan Branch. Meanwhile, by consulting to the experience of international central banks’inner auditing, proposed some suggestions to Jinan Branch. Since financial environment is changing worldwide and central banks of every country are also shifting their working priorities and developing their financial duties, so a risk-oriented program for the Jinan Branch is derived in this dissertation. This program aims at helping Jinan Branch to fully extend its inner auditing function, regulate its work and also enhance its operation efficiency. This risk-oriented program can assistant both Jinan Branch and PBC, because it helps the Branch perform duties more lawfully and improve the whole inner auditing of People’s Bank of China.Contributions of this dissertation are as follows:Consulting to direct materials of a specific branch of PBC, this paper did in-depth research into Jinan Branch extensively and proposed some constructive suggestions, which is relatively less common among the literatures on central banks.Also, a variety of methods have been made use of for researching in this paper, such as real practice, induction and deduction, comparative analysis, etc. And the suggestions and conclusions proposed for the Jinan Branch can surely help it exert its inner auditing functions and instruct practice more efficiently.