Internal Auditing Systems and Method in China: Reform and Improvement

This paper focuses on the problems and current conditions of internal audit system and the counter measurement necessary for them. The purpose of internal audit is a special kind of economic control. Internal audit has 3 basic methods which are mainly to fulfill the purpose. Internal audit is an integrated part of the process of accountability; This paper put forward 3 important measurements for achieving the purpose of internal audit; independence, organizational status and objectivity.