Research On Internal Audit Quality Of G Commercial Bank Based On 5M1E Analysis Method

In recent years,with the complex and changeable world financial environment,the stimulus of COVID-19,the introduction of various national policies,the increase of various financial services of commercial banks,and the intensification of market competition have brought new difficulties to China’s commercial banks.Chinese commercial banks must think about how to effectively manage risk prevention and risk response in such a challenging environment.In order to effectively cope with the increasingly complex market environment,commercial banks need to do a good job in internal management,establish and strengthen the internal audit system and external supervision,and improve the level of risk governance.The establishment of a sound internal audit system can comprehensively enhance the bank’s ability to resist risks and provide strong support for the bank’s sustainable and stable development.This paper takes G commercial bank as the research object,on the basis of internal audit related theoretical research and 5M1 E analysis method,analyzes the internal audit status of G commercial bank through six aspects: measurement,people,machines,materials,methods,and environment,and points out the main problems that G commercial bank faces: first,the internal audit supervision and evaluation system is not perfect;Second,the leadership despises the construction of internal auditors;Third,the coverage of internal audit is narrow;Fourth,the collection of audit raw materials is insufficient;Fifth,the internal audit accountability system is not in place;Sixth,the audit culture atmosphere is not strong.In view of the above problems,this paper proposes the following measures: improve the internal audit quality evaluation system;Build a high-level internal audit information team;Expand the coverage of internal audit business;Use big data analysis technology to lock important risk points;Strengthen the internal audit accountability mechanism;Strengthen the construction of audit culture.This paper uses the 5M1 E analysis method of manufacturing enterprises for reference to analyze the internal audit quality of G commercial bank,explore the problems existing in the internal audit of G commercial bank,evaluate the problems existing in the internal audit quality,and propose six optimization measures to improve the scientificity and standardization of the internal audit of G commercial bank.The contribution of this paper is to stimulate the better development of G commercial bank,integrate the 5M1 E analysis technology of manufacturing industry into the internal audit of commercial banks,build an internal audit evaluation system,and provide some reference and inspiration for the implementation of internal audit of other banks.