To Investigate The Application Effect Of Value-added Internal Audit Of BOB Bank

The ultimate goal of any business is to create economic value for stakeholders,so creating value is the highest goal of business development,commercial banks are not exceptions.The business development of the enterprise is inseparable from the business department of the charge,also cannot leave the functional departments of the stability and the rear.With the continuous development business enterprise,the role of functional departments is increasingly prominent,the internal audit activity is more important.Although different enterprises facing the different business environment and business characteristics,but in every field of the role of internal audit is different actually.At present,the internal audit work has developed a new stage in the development of value-added internal audit,or main functions of internal audit work,are the error against the disadvantages of the traditional gradually evolved into enterprise to create value.Along with financial risks is increased and the Internet financial industry,such as the limited market,the situation of commercial banks become more and more disasters,more and more need to pay attention to avoid operation risk and achieve organizational value increase.As an important part of corporate governance,corporate governance is one of the “three lines of defence”,internal audit should also shouldering the burden,to pay more attention to in order to increase organization value as the goal of the development of internal audit.BOB bank is a new shareholding city commercial bank in China and foreign capital.Since it was founded in 1996,relying on the capital's economic development momentum,has realized the investments,such as listing,cross-regional development strategic breakthrough,opening up and explore the development of small and medium-sized banks classic road,set a good example for other city firms.For a long time,BOB bank's most distinctive feature is the steady development,this one step a footprint steadfast attitude as well as the future increasingly fierce market competition environment of one of the core strengths.The growth course of 21 years from BOB bank,internal audit work has been gradually from the initial function relatively single audit check business development to now think organizations increase value for audit goal of the new mode of internal audit.Conduct of value-added internal audit is mainly through the shift audit idea,according to the characteristics of their own development adopt targeted audit strategy,reduce the audit cost,increase the whole profit after tax,for BOB bank provide value-added services.At first,this paper adopted the method of literature research,starting from the basic concepts of internal audit,to phase in the range of value-added internal audit theory,introduces its basic meaning and characteristics.Analysis of the current application of value-added internal auditing the vast majority of commercial Banks in China when there exists backward value and function orientation and reality demand gap,the internal audit quality is not high.And also simply introduces the realization of the internal audit mode,mainly divides into: service value,control value,evaluation value added three,and as an emphasis on the bank of BOB is adopted a service-oriented value-added model.Finally expounds the value type of the four theoretical basis of internal audit,respectively is: fiduciary duty theory,risk management theory,value chain theory and stakeholder theory.In this paper,we also use case study method and empirical summary method.The basic information about BOB bank,such as bank profile,recent performance and future strategy,etc.Emphatically illustrates the value-added BOB bank to carry out the basic situation of the internal audit,including value-added internal audit the main characteristics,system design and system safeguard measures,etc.And described the BOB concrete implementation of value-added internal audit of the main methods,mainly including: enhance internal audit idea,perfect the internal audit institutions,carry out the special audit for difficult point problem,attaches great importance to the regulation of outgoing branches,etc.Value-added by sticking to carry out internal audit,eventually to promote BOB bank in terms of audit quality,financial costs,continued growth of enterprises have achieved some results.As a basis,this paper extracted BOB bank in the process of application of value-added internal auditing of advanced experience,mainly includes: standard internal audit accountability system,vigorously develop the application on site audit,internal audit of advanced technology,cultivate qualified internal auditors.According to the present situation,the internal audit should be done according to the present situation of the internal audit of the value-added type of the commercial bank in China.Focus on internal audit marketing;To enhance the informationization of the audit work;Improving the quality of internal auditors;We will strengthen auditing of risk management systems.Promote internal audit as a value-added service for commercial Banks.