The Research Of Internal Audit Performance Assessment In HLXM Company

With the accepting of concept of corporate governance across the globe, many companies are beginning to realize the importance of internal audit. Internal audit can improve the organization’s internal controls and optimize the governance processes, it is an effective way to achieve business value. Thus, the theory and practice began to shift the focus to the study of internal audit. Meanwhile, with the study of internal audit, how to achieve internal audit effectively and promote work effienciency become the focus of the community. In this way, the evaluation of internal audit performance has become a new hotspot. Based on the research results, this article study the use of Balanced Scorecard model in the internal audit department of HLXM company.The proposing of evaluation of internal audit performance in China is relatively late, thus most enterprises havn’t established a complete internal audit performance evaluation system. This article first introduces the relevant theories including the meaning and methods of internal audit performance evaluation. Meanwhile, the paper introduced the framework and features of the Balanced Scorecard model and stated that the superiority and accuracy of the model was suitable for performance evaluation of internal audit.Secondly, this paper describes the case of internal audit performance of HLXM and systematically analyzes the causes of the problems existing in the company. Next, using the Balanced Scorecard model constructed a new internal audit system in HLXM company. The new system considerates fully the characteristics of company’s internal audit using the financial, the customer,the internal audit process and learning and growth dimension.It designs key performance indications with their own requirements, then use AHP method to determine the weight of each index weight and come to the results. Finally, this paper introduces the practice and problems of Balanced Scorecard model in HLXM company. Based on the implementation of internal audit performance evaluation system of the Balanced Scorecard is a dynamic, constantly correcting process.