Study On Internal Audit Of Group Xinfengcompany

According to the definition of internal audit which defined by the international association of theinternal auditor: the internal auditing is an independent, objective assurance and consulting activities, aimsto add value and improve the organization’s operating. Through the application system, training methods, itevaluates and improves the risk of management, control and management of the process effect, in order toorganize to meet its goals. As a large comprehensive enterprise, Xin Feng Group Company faces all kindsof risks in its operating activities, including the financial risk, and business risk, the risk of company image,production safety risk, etc. However in China the large comprehensive enterprise is weak in the field of riskprevention and control. The reason of this is that the internal audit fails to play their parts fully and it alsoparticipates in the internal control.In recent years, due to a series of great events, the financial scandal pledges to serve the relevantlaws and regulations, the promulgation of the risk management has become the focus of attention of theworld, so many countries in the world and the relevant international organization all realize the importanceof risk management. And as a guaranteed agent liability of the realization of the effective controlmechanism, internal audit is one of important components of corporate governance. With the risks ofinfiltration, corporate governance has gradually turned the attention into the risk management. Accordingly,internal audit target also began to turn into risk management. The latest revision of the internal audit clearlydefined evaluation to the internal audit risk management, control and company management process andadds value for the organization for its main effect. Its reasonable organization model and function can helpthe enterprise evaluate various risks; optimize the company risk management process, to give support ofimproving corporate governance. The enterprise of our country is related with the world more and moreclosely. Facing the problems of environmental changes and uncertain factors, such as the potential riskinvestment of increasing the cost of risk, how to understand, evaluate and deal with enterprise operationexisted in all kinds of risk factors for the modern enterprise urgent task.In this article, according to the comparison between the situation before and after improving ofthe internal audit of Xin feng group company and the analysis of its existing work mode, it reveals how the internal audit through the various links work, from selection auditing items to the communication of theaudit findings and following corrective actions, the effective participation in the internal control, in order tohelp enterprise identify, evaluate and control risks, so as to help the enterprise finally achieve themanagement target and increase value for the enterprise. Xin feng group company’s internal audit workmode has a reference value for the same domestic enterprise.