The Study of the Value Added Internal Audit

Entering the new century, the internal audit theoretical of China develops rapidly, and steadily with the characteristic of institutionalization, standardization, and specialization. However, compared with Europe and the United States, the current development of Chinese internal audit is still not perfect and mature enough. Internal audit in Chinese enterprise is regard as dispensable. However, the establishment of an independent, authoritative and comprehensive internal audit department is urgent for the building and improving of a modern enterprise system, also for the expanding development and growth of the enterprise, meanwhile, establishing an efficient internal audit department is the inherent requirement to give full play to the role of internal audit. To establish a modern enterprise system and improve the internal audit function, a business value added objective is required for the audit. In the following, meaning of value added internal audit, the differences between value added internal audit and traditional internal audit, the role of the value added internal audit in corporate governance and the development of value added internal audit will be analyzed.