Case Analysis Of The Middle Term Economic Responsibility Auditing Of The General Manager Of JX Property Insurance Company

China’s economic responsibility audit originated from the factory director end-of-term audit of industrial enterprises owned by the whole people in 1986.It produced and further developed along with the construction of socialism with Chinese characteristics and the reform of the market economic system in China.It has relatively distinct Chinese socialist characteristics and it is a unique audit method in China.Different from the performance audits that have been carried out more and similar in nature abroad,The key point of economic responsibility audit is to evaluate and supervise the performance of economic responsibility of the audited senior executives,and emphasizes the responsibilities of reviewing and evaluating the "persons" audited for the relevant economic activities within the scope of their duties during their tenure.In the initial stage of economic responsibility audit,it is only required to audit the end-of-term of leading cadres of state-owned enterprises.Therefore,the economic responsibility audit is regarded as the end-of-term audit of leading cadres.With the continuous in-depth study of economic responsibility auditing by Chinese experts and scholars,and the practical experience of end-of-term audit gradually accumulated,the defects of this audit method are gradually revealed.At this time,middle term audit is proposed as a means to make up for the defects of end-of-term audit.After years of practice,middle term audit has been recognized as an important means to make up for the defects of end-of-term audit and an important form of term economic responsibility audit,its position in the economic responsibility audit is becoming more and more important,And it shows the trend of becoming the mainstream form of economic responsibility audit.With the continuous advancement of China’s comprehensive coverage of economic responsibility auditing,more and more industries have begun to implement executive economic responsibility auditing.The insurance industry,as one of the three pillars of the national financial system,is an industry in which the state focus on promoting the implementation of economic responsibility auditing.According to the national regulatory requirements,insurance companies have gradually strengthened the internal economic responsibility audit of company executives,middle term economic responsibility audit has gradually become an indispensable and important part of the internal audit work of insurance companies.However,due to the late start of economic responsibility auditing in the insurance industry,the economic responsibility auditing in China’s insurance industry is still in the stage of gradual development and improvement.There are few relevant theoretical studies,which can not meet the needs of guiding audit practice.In this regard,this thesis uses the case analysis method to combines theory with practice,take the middle term economic responsibility audit of the general manager of JX Property Insurance Company as an example,studies the practice of internal executive economic responsibility audit in JX property insurance company,analyzes the problems existing in the audit and the causes of the problems,and puts forward corresponding improvement suggestions.First of all,introduces the meaning,content,characteristics,methods,procedures,audit risks,evaluation methods,evaluation principles and utilization of audit results of the middle term economic responsibility audit,proposed that the meaning of middle term economic responsibility audit in this thesis refers to the independent internal audit center of the group insurance company supervise,evaluate and make suggestions on the authenticity of business results,the compliance of business behavior and the effectiveness of internal control during the tenure of the senior management who have served for three years and has not left the post in the group’s subordinate institutions.Based on the entrusted economic responsibility theory,risk management theory and stakeholder theory,this thesis lays a theoretical foundation for the later analysis of the problems and causes in the middle term economic responsibility audit of the general manager of JX property insurance company and puts forward the improvement suggestions of JX property insurance company.Secondly,this thesis takes the middle term economic responsibility audit of the general manager of JX property insurance company as an example,introduces the internal audit organization structure of JX property insurance company and the development of the general manager’s middle term economic responsibility audit,including the guarantee basis,audit objectives,audit content,audit procedures and other aspects of the middle term economic responsibility audit.And find out the problems existing in the middle term audit of the general manager of JX Property Insurance Company,further analyze the cause of the problems,which mainly include: the leadership does not pay enough attention and the personnel appraisal system is not strictly implemented,insufficient reserve of professional auditing talents familiar with the whole process of property insurance,there are barriers to data retrieval between the financial and claims systems,failure to establish an audit evaluation system that fits the actual situation of the property insurance company,insufficient supervision on the use of the results of the middle term economic responsibility audit.At last,this thesis aiming at the problems existing in the middle term economic responsibility audit work of the general manager of JX Property Insurance Company proposed corresponding improvement suggestions,including five aspects: improve the system of "audit before appointment" for JX Property Insurance Company executives,establish JX Property Insurance Company’s internal audit talent reserve mechanism,improve the internal audit information system of JX Property Insurance Company,improve the JX Property Insurance Company’s middle term economic responsibility audit evaluation system,strengthen the use of JX Property Insurance Company’s middle term economic responsibility audit results.The purpose of this thesis is to enrich the research results of the middle term audit of the senior executives of Chinese property insurance companies to a certain extent,and provide a certain reference value for property insurance companies to better implement the middle term economic responsibility audit of senior executives.