A Study On The Value-added Internal Audit In Wuhan Iron And Steel (Group) Company

With the development of economic globalization, the economic environment and the risk of the companies are facing is becoming more and more complex. As a part of the enterprise value chain, the role of the internal audit is becoming more and more important. Both domestic and foreign experts have reached a consensus that the core aim of the internal audit is " add value". As an extension of the traditional internal audit, the can provide a better service to the modern corporations. The value-added internal audit can help companies guard against risks, strengthen control and perfect management. Finally the value-added internal audit can increase the value of the company. The value-added internal audit becomes the only way to develop internal audit. The internal audit must transform to the value-added internal audit, so as to adapt to the change of economic environment. At present, the understanding of internal audit is still on the traditional ideas for many companies in our country. They don’t have enough understanding that the internal audit can increase the value of organization. They also lack enough necessary understanding about the transformation method of internal. Therefore, a study on the value-added internal audit in our country’s companies has very important significance.This paper adopts the theoretical research and casestudy method to launch a systematic study on the value-added internal audit.Based on the above research background,the paper first introduces the value-added internal audit,including the emergence, connotation, characteristics and theoretical basis. So that can make the fully and directly understanding about the value-added internal audit. Secondly, the paper introduces some basic facts about the value-added internal audit in Wuhan Iron and Steel(Group) Company, including the emergence and important thinking. It can guide the transformation work of value-added internal audit in our country’scompanies.Thirdly,it introduces the core measuresabout the value-added internal audit in Wuhan Iron and Steel(Group) Company. These specificmeasures help the company reach the value-added internal audit so that the internal audit can provide the better services for the company.At the end,this article gains some revelations from thevalue-added internal audit in Wuhan Iron and Steel(Group) Company.It focuses that the internal audit of companies in our country must transfer to the value-added internal audit. It’s imperative for development of our country’s internal audit. Combining with the cases of Wuhan Iron and Steel(Group) Company, this paper put forward some suggestions in order to promoting the application process of the value-added internal audit in our country’scompanies. The suggestions can help the companies understand the transformation core of the internal audit. This paper provides a valuable reference for thecompanies that help the value-added internal audit could smooth apply and efficient development in our country’s companies.The value-added internal can help companies call for new vitality.