REVOLUTIONIZING INTERNAL AUDIT: THE BLUEPRINT FOR AN INTELLIGENT SUPERVISION SYSTEM IN BEIJING'S STATE-OWNED ENTERPRISES"

Abstract

Following the 19th National Congress, China's internal audit underwent a transformative evolution, culminating in the establishment of a comprehensive audit supervision system alongside national and social audits, solidifying its pivotal role within the Party and state supervision framework. In January 2018, the revised "Regulations of the National Audit Office on Internal Audit Work" (Order No. 11 of the National Audit Office) broadened the scope of internal audit functions, emphasizing the value of "advice and consultation" in conjunction with "supervision and evaluation." A renewed focus was placed on problem rectification and implementation. Internal audit, once perceived as a mere control mechanism, has progressively evolved into a wellspring of value for fostering the high-quality development of enterprises.

However, extant research on the economic ramifications of internal auditing has predominantly concentrated on its influence on corporate value and corporate governance effects. To complement this research, there is a growing need for literature that constructs intelligent internal audit supervision systems. This article delves into the construction of an intelligent supervision system for internal auditing within state-owned enterprises in Beijing, addressing four key dimensions: data intelligence collection, data intelligence processing and storage, data intelligence extraction and analysis, and data intelligence application. These insights serve as a valuable reference for enterprises seeking to establish a centralized, unified, authoritative, and efficient internal auditing intelligent supervision system. Moreover, they contribute to enhancing the Party and state supervision system and advancing the modernization of national governance capabilities.