Abstract
As the economy develops faster and faster, the role of internal audit in the company becomes more and more important, especially for corporate governance. The trend of globalization has intensified, and trade between countries is dense. It brings economic benefits to enterprises while increasing risks. In order to survive and develop, companies must face more challenges. On the one hand, the company must increase investment in internal governance management, and establish institutions such as shareholder meeting, board of directors, managerial level and board of supervisors, and the corporate governance structure is gradually standardized. On the other hand, the company’s strengthening of internal audit can not only improve the company’s operating conditions, but also timely discover problems within the company and effectively control them. However, compared with other advanced countries in China, the internal audit system was established late, so the units have different experiences in learning from foreign countries, which leads to many problems in the establishment of internal audit institutions in China, and many companies do not pay attention to internal audit. Therefore, it is necessary for us to conduct in-depth research on this.
Highlights
Internal auditing abroad has successfully participated in corporate governance as an indispensable part of corporate governance structure and plays a pivotal role
Internal audit can maintain the balance between shareholders and senior management in the company, ensure the correct performance of fiduciary responsibility, and help the correct disclosure of financial accounting information, protect the legitimate interests of stakeholders, and help the management and scientific decision-making of enterprises have a positive effect on the improvement of corporate value
Internal audit is an important aspect of corporate governance structure
Summary
Under the trend of global economic convergence and changing market environment, there are inevitably large changes in the practice of corporate governance in various countries, which makes more and more company owners and leaders realize that corporate governance is Strengthening core competitiveness and increasing the company’s performance plays an important role in realizing. Internal auditing abroad has successfully participated in corporate governance as an indispensable part of corporate governance structure and plays a pivotal role. In China, internal auditing is gradually practiced in the corporate governance structure and its status and role are not short. One of the reasons is that internal audit has not been effectively implemented its role in corporate governance. How to improve the internal audit of Chinese companies, which can better help corporate governance, has attracted the collective attention of experts in the auditing and practical circles in China. It is of great practical significance to explore the specific role of internal audit in corporate governance in China and to continuously promote the effective play of these roles
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