A State-owned Enterprise Building Value-added Internal Audit System

In the context of global economic integration,state-owned enterprises living in an increasingly competitive environment for living aim to maximize their own interests have to started the transition of the road.Now they start to get rid of dependence on state’s support, but use continuous innovation and development with their own resources to expanding business. Thus the benefits realized from contemplating changes can have an important contribution to the development of the national economy. But in recent years, with the the results of the audit from National Audit Office announced, a series of corruption and fraud cases surfaced and we see that there are still many problems exist in the internal development of state-owned enterprises.In the1980s, when the company internally generated fiduciary responsibility relations, internal audit came into being. For the purposes of their own development, functions of the internal audit evolving from supervision, inspection, verification, evaluation function to management control, risk prevention, counseling and benefits evaluation function. And they always contribute to the development of the company’s strategic development. However, the investigation of state-owned enterprises’internal audit agency let us find that many times the establishment of internal audit is just a means to meet the inspection of external regulatory bodies. And the internal audit always can not to play any role in the enterprise. The reason is that state-owned enterprises must add value to the path of development in the competitive environment, and they should maximize corporate profits so they can be invincible in strong competitors. In fact the establishment of internal audit always can not add value for enterprises role, but has become a major aspect of expenditure. Therefore, in order to achieve the strategic development of the enterprise, the internal audit’s function began to become value-added. And now value-added of internal audit system become a part of the strategy of development of enterprises.This paper put forward a practical case to analyze their ideas and countermeasures to build value-added type of internal audit system of state-owned enterprises. First, it based on the development of the internal audit background, theory researches on the proposed audit, internal audit, meaning and significance of value-added internal audit, as well as the current development status of China’s value-added internal audit. Then, draw forth a specific case study, describing the present situation of the state-owned enterprise’ internal audit system and the current issues. Finally giving a series of countermeasures according to the actual situation of the state-owned enterprises building value-added internal audit system.The case describes the process from the situation analysis, problem analysis, then to suggestions, increased the case base of constructing value-added internal audit system, and provides a practical and theoretical basis for the development of value-added internal audit. We can also expect to learn the key link of the state-owned enterprises building value-added internal audit and know more about the solution to the possible problems. As a result to provide more support for the strategic development of state-owned enterprises and have a better contribution to the development of our national economy.