Research On The Construction Of Value - Added Internal Auditing System By NY Group

Value-added is the objective of most enterprises, and internal auditing is an independent,objective assurance and consulting activity designed to add value and improve the operations of organizations. By using systematic and disciplined approaches, it can be applied to evaluate and improve the risk management, control and governance processes,helping organizations to achieve their goals. Currently, our group companies, especially state-owned companies, are under the pressure of inside and outside the business environment. Strengthening the internal audit management, building value-added internal audit management system and promoting the value-added are vital means of strengthening the management and control of companies.In this paper, by combining the standardized theoretical studies and case studies, we have researched the construction of value-added internal audit management system based on the internal audit management system theory, and we have studied the NY Group as an example. The full text is divided into five parts. The first part describes the internal audit and the current situation of the company’s value-added internal audit at home and abroad.It also pictures the writing ideas and structural arrangements. The second part discusses the related value-added theories for the company’s internal audit. The third part analysis the problems and reasons of affecting the company’s value-added, compared with the present situation of the internal audit work in the NY Group. In the fourth part, based on the internal audit work of the NY Group, we have discussed the innovations and improvements of value-added internal auditing in organizational system, institutional system, business system, personnel development systems, IT systems and so on. At the same time, we have proposed several recommendations and measures to strengthen the internal audit management and achieve the company’s value-added. In the fifth part, we have prospected the development of value-added type of internal audit in the group company.In this paper, we have studied the internal audit issues of the state-owned companies. It will be of great significance to solve the problems of the state-owned enterprises in China under the process of the reform and innovation. We propose that it will promote the realization of the company’s strategic goal of maximizing value by building a solid and effective set of value-added internal audit system, which is based on the "organization,institution, business, personnel, information".