Research On The Improvement Of P Insurance Company's Value-added Internal Audit

On December 22,2017,the China Insurance Industry Association's Internal Audit Development Report,which is issued by the China Insurance Industry Association,pointed out that the internal audit concept of insurance companies is changing from detecting mistakes to actively creating value for the company and improving the company's operational efficiency.With the normalization of big data,the complexity of insurance business,and the emergence of the second-generation solvency supervision system,new opportunities and challenges in the development of insurance companies.Therefore,it is necessary to change the functions of traditional internal audit and explore value-added internal audit to promote enterprise value-added and enhance its value-added function.It also has important theoretical and practical significance in the internal audit theory and practice circles.Firstly,the paper sorts out the related literatures of value-added internal audit from three aspects: function,implementation path and performance evaluation.Secondly,it analyzes the characteristics of value-added internal audit of insurance companies,and the theoretical analysis of the relationship between value-added internal auditing and related theories like risk management theory.Then,it introduces the status quo of its value-added internal audit,and reveals the problems.In-depth exploration found the unreasonable allocation of audit resources,the value-added scope needs to be expanded,the quality control of the audit process is imperfect,and the performance evaluation system is not sound.What's more,the corresponding improvement plan is proposed to promote the internal audit department to add value to the enterprise.And finally,this paper proposes a series of safeguard measures to ensure that internal audit adds more value to enterprises.This paper studies the problems and causes of the value-added internal audit of P Insurance Company in the new external environment,designs corresponding improvement programs to improve the operational efficiency of P Insurance Company and promote the value of the company,also promote the development of value-added internal audit of other insurance companies.