Research Of Internal Auditing In Securities Companies

With the rapid development of Chinese securities industry innovation business more perfect and the capital market, securities companies will enter the evolution of The Times, suffered severe challenge in the reshuffle. In recent years, the domestic securities companies are facing unprecedented opportunities and challenges. As the financial industry has a great influence of financial institutions, the development of the securities firm has a direct influence on the healthy development of capital market. The premise and foundation of the securities company can effectively control and improve corporate governance with the international competitiveness of important weapons. The role of internal audit is also increasingly important to securities company. As securities company continuously deepen the recognition of the importance of internal audit work, and the improvement of quality of internal audit staff professional, especially the internal auditors is to master a new means of audit network informatization, and the status of internal audit department in securities company. In the process of continuous development of our capital market, the securities firm is necessary to attach importance to and strengthen the internal audit work, the reason is that our country securities market set up time is not long, national regulators for the regulation of the securities markets are still in the build, the relevant rules and regulations are perfect, often happens in the brokerage business management activity of different level irregular operations.From the perspective of the ownership of domestic securities company’s shareholders, most of the controlling shareholders of securities companies are state-owned assets companies, financial institutions in the minority, more concentrated equity ownership structure. Problems lies in the securities company governance insider control often appears in this situation, the main performance is insufficient standard management information opaque, business operations, the company failed to achieve democracy scientific management decision, it is also a securities company and industry risk accumulating finally broke out one of the important reasons. At the same time, also explains the securities companies are not effective play to guard against and warning function of internal audit, in fact, individual securities company business management to the internal auditing department to submit audit reports on the shelf, and even be tampered with, led to the results of internal audit failed to pass to regulatory levels and various business level, the reasons for this phenomenon lies in the internal audit department in securities company’s position is not reasonable, directly hinders the internal audit department play their supervision and management activities, the function of preventing business risk early warning.This article of the securities company internal audit focus on several aspects, in the process of analysis of the securities firm internal auditing present situation and existing shortcomings, and accordingly puts forward some feasible suggestion in the practical work of internal audit.