TITLE:
When Internal Control Meets Internal Audit: Conflict or Combine?
AUTHORS:
Jingwen Nie
KEYWORDS:
CIMC, Internal Control, Internal Audit, Conflict, Combine
JOURNAL NAME:
Open Journal of Accounting,
Vol.6 No.2,
April
28,
2017
ABSTRACT: The long-term development
of enterprises not only need the escort of internal control, but also can’t do
without the monitoring and early warning of internal audit. The relationship
between internal control and internal audit is simple and mysterious. When the company
internal control meets internal audit, is there conflict brings a lose-lose
situation or combination brings a win-win complexion? This article explored the
internal control and internal audit of China International Marine Containers
(Group) Ltd. (CIMC), and found that the combination of the two makes CIMC steady
and quickly develop, and it finally becomes a world-class
enterprise.