Research On The Optimization Of WD's Internal Audit Outsourcing

Since the beginning of this century,many big companies at home and abroad have been out of financial fraud cases.It is the important role of internal audit that the management can successfully identify the clues of major financial frauds inside the company,and the role of internal audit has been gradually reflected.Internal audit has been developed for more than 20 years in China,and has played an important role in strengthening management and promoting economic development.With the development of the economy and the intensification of market competition,the internal audit is more and more valued by the management of the company.At present,although the role and status of WD's internal audit are constantly improving,there are still many problems,such as the poor independence of the internal audit institutions,the unsound setting,the small scope of work,the poor overall quality of the auditors and the lack of relevant laws and regulations,and the internal audit cannot meet the needs of the development of the company.Because many international companies choose to outsource internal audit to other professional organizations,internal audit outsourcing has become a popular trend.Internal audit outsourcing can increase the value of enterprises,improve the independence of internal audit,save cost,avoid risk and improve the efficiency of the company.It can also make use of the advantages of external auditors to make up for internal auditors themselves and improve internal control of enterprises.In order to give full play to the function of internal audit,WD company has outsourced the non core business of the internal audit part to other professional institutions,and managers can focus more on the development of the core competition field,and use the limited energy and resources for the production and operation of key business,and maximize its role.Through the in-depth analysis of the current situation and risk of internal audit outsourcing in WD company,the paper determines the existing problems and causes of the internal audit outsourcing nodes and links,and uses the SWOT model to explore the model of internal audit outsourcing which meets the needs of the enterprise,and optimizes the selection and control of the internal audit outsourcing suppliers.To make a detailed discussion and Analysis on the establishment and improvement of the evaluation system for the quality of internal audit of outsourcing organizations.