Internal Audit Research Of M Steel Listed Company Under The New Normal

In recent two years,China's economy has entered a new normal and its economic growth rate has slowed down.Against this background,the steel industry as a whole has seen "three lows and one high",that is,low price of products,low output and output growth,low economic efficiency and high development pressure.In the context of global economic integration,iron and steel enterprises are facing increasingly fierce competition environment.In order to meet the needs of global market changes and national policy adjustment,enterprises must strengthen internal management and reform from the perspective of optimization and innovation of internal audit.As most of China's iron and steel enterprises have the background of state-owned enterprises,and the industry status is important,they belong to super-large enterprises or enterprise groups.The production,sales and procurement volume of enterprises are huge,and the management loopholes and risks are extremely high.Therefore,it is necessary to strengthen the internal control and management of enterprises.Internal audit can strengthen the internal management of enterprises,supervise the process of production and operation,and regulate the efficient operation of every link of enterprise operation.In addition,guiding Suggestions are put forward according to the existing situation of the enterprise,and professional methods are adopted to prevent the occurrence of enterprise risks.To minimize the loss of the company,managers of the company can also be encouraged to improve their professional level.At present,few domestic scholars study the development influence of internal audit and the governance effect of internal audit in iron and steel enterprises from the perspective of new normal.Based on the above reasons,this paper starts from the case of M iron and steel company to study the deficiencies and causes of internal audit work of iron and steel enterprises under the new normal and provides theoretical support and Suggestions for improving the internal audit department of Chinese enterprises.This thesis is divided into three parts.The first part elaborates the research purpose and significance of this paper,as well as the research status of relevant theories at home and abroad,as well as the application of related theories in internal audit.This section consists of two chapters.In the second chapter,relevant theories are introduced:signal transmission theory,game theory and principal-agent theory.In the second part,the third chapter analyzes the mechanism of internal audit of listed steel companies under the new normal,introduces the research ideas of this paper,and the fourth chapter introduces the case of M steel company,starting from the development history and current situation of internal audit of the company.In the last part,chapter 5,combined with the background of the new normal,explores the challenges and causes faced by M iron and steel company's internal audit.In chapter 6,it tries to propose improvement strategies for M iron and steel company's internal audit on the basis of part 2 and chapter 5.At the same time,I hope the study of this paper can be a reference for the development of internal audit of Chinese steel enterprises.