The Research On Value-added Internal Audit With The Value Chain Theory In Pharma A

The new version of "drug operation quality management practices" was enacted in 2014 and in the implementation of the certification process,a large number of pharmaceutical enterprises who had low management level had been closed down.Because of the escalating industry risk,pharmaceutical companies have to improve the ability to resist risk.The value chain of pharmaceutical companies is high-tech,high-risk,high-return.Meanwhile,the China Institute of Internal Audit newly revised and enacted“Chinese Internal Auditing Standards" in 2013,and the new definition of internal auditing marked that the formal audit of internal audit would tansfer from the traditional type which focused on finding mistakes and supervising to value-added internal audit.Therefore,the pharmaceutical company's value-added internal audit must not only pay attention to individual aspects,but also focus on the overall situation of the value chain.Firstly,the theories of value chain,fiduciary duty,corporate governance and the relationships internal audit with the respective existing researches are introduced.Then,I will take Zhejiang A Pharmaceutical company as an example and refer to the status of internal audit and the value chain of listed companies belonging to the pharmaceutical industry.I will try to analyze the management and existing problems of company's internal audit and value chain,which is based on the company's status of the internal audit function and value chain activities.It is not difficult to find that the lack of concept of value-added,the ignorance of internal audit and the lack of internal audit participating in building the enterprise's value chain in advance,which are the reasons why the internal audit and value chain have significant flaw.Finally,in the perspective of value chain,I try to propose to build a value-added framework,which contains the process of internal audit,the methodology of internal audit,the object of internal audit and the way of adding value.I hope to improve the current situation of internal audit and the value chain of this company by this framework.I try to creatively put forward the application of value chain theory to internal audit and apply the analysis of specific cases to a company.I think that internal audit should focus on the whole value chain,optimize the value chain of the organization and even participate in building the enterprise's value chain in advance.The goals of internal audit are improveing the efficiency of the value-added operation,raising the level of control of key process.Ultimately we hope to achieve the goal of increasing the value of the organization.