A Research On Improvement To The Internal Audit System Of Company S Specialty:Business Administration

The function of internal audit should be understood and fulfilled correctly. This is the vital point of building internal audit system that meets the requirement of modern enterprise. As the development of the Company S, the role of internal audit department has to turn from the supervisor to provider with service, which offers necessary support to the company.Firstly, this paper portrays the main problems of current internal audit system, such as inefficiency, low performance and lack of support to internal management. Based on this, the main reasons are figured out by analyzing the conflict between the Company S’internal audit system and the company’s internal and external factors, i.e. the managerial requirements for internal reform and changes of external environment. Secondly, through the analysis of the management procedure, the position of internal audit system function and quality of audit service, this paper supplements a new strategic function for internal audit system, named "both audit and service", that is not only to audit and find problems but also to provide service for the company and clients to solve these problems. Finally, some feasible measurement is discussed as recommendation, like "closed-loop" framework, enhancing internal audit quality and efficiency, which can make Company S’internal audit system progressive to adapt internal and external development.