The Research On Deleveraging Efficiency Audit Of W Company

Since 2015,as China’s economic development has entered a new stage,economic problems characterized by "high leverage" have become prominent.While expanding demand,in order to realize the high-quality development of China’s economy,de production capacity,de inventory,de leverage,reducing costs and making up for weaknesses have become the main contents and important tasks of China’s supply side structural reform.Among them,as a pillar industry of China’s economy,real estate can not only promote the development of China’s economy,but also closely related to the quality of life of residents.However,its high leverage has always been the biggest hidden danger.High leverage of enterprises leads to high financial risks and even financial crisis.When the economic environment changes and uncertainty increases sharply,huge debt pressure is likely to lead to enterprise bankruptcy.Therefore,as an important means of corporate governance,enterprise internal audit promotes the maximization of enterprise deleveraging efficiency,ensures the sustainable development of real estate enterprises,and realizes the expected effect of "stable growth" and "risk prevention",which is an audit proposition with important theoretical value and practical significance.Taking W company as an example,this thesis analyzes the problems existing in the deleveraging efficiency audit of W company by using the methods of case study and questionnaire,and explores the application measures to effectively solve these problems,so as to improve the deleveraging efficiency of enterprises.Firstly,the thesis expounds the research background and significance,research status at home and abroad,research content and methods;Secondly,under the guidance of internal audit theory,policy implementation follow-up audit theory and benefit audit theory,the connotation of enterprise deleveraging efficiency audit is clarified;Thirdly,it analyzes the operation status,deleveraging status and deleveraging efficiency audit status of W company;Fourth,on the basis of the results of the questionnaire survey,it expounds the four main problems existing in the deleveraging effectiveness audit of W Company,including unclear audit objectives,imperfect audit evaluation standard system,inadequate application of audit results and weak auditors’ abilities.It also analyzes the causes of four problems in corporate deleveraging effectiveness audits:weak awareness of corporate deleveraging effectiveness audits,the lack of an effective enterprise deleveraging efficiency audit evaluation standard system,imperfect rectification mechanisms for corporate deleveraging effectiveness audits,and insufficient auditor staffing and training systems.Finally,four suggestions for improvement are proposed:establish the concept of corporate deleveraging effectiveness audit,build an effective evaluation standard system of enterprise deleveraging efficiency audit,strengthen the rectification and implementation of corporate deleveraging effectiveness audit results,and strengthen corporate deleveraging effectiveness audit talent training and team building.Enterprise deleveraging efficiency audit is still in the exploratory stage,and its theoretical system and practical basis need to be improved.The exploration of W company deleveraging efficiency audit in this thesis is not only conducive to enrich and develop the efficiency audit theory,but also conducive to solve the practical problems of deleveraging efficiency audit in the real estate industry,and provides theoretical support and practical guidance for enterprises to implement deleveraging efficiency audit.