永道内部审计行业状况调研：报告

Summary of the Conference Call on Internal Audit in China Industry Overview - The report focuses on the internal audit industry in China, highlighting the challenges and opportunities faced by Chinese enterprises in a rapidly changing global environment and complex regulatory landscape [2][3][4]. Key Insights 1. Internal Audit Maturity: Most companies classify their internal audit maturity as "problem discoverers," "audit service providers," or "problem solvers," with a growing desire to evolve into "trusted advisors" within three years [2]. 2. Regulatory Compliance: Chinese CEOs prioritize aligning internal audit focus with national policy requirements to maximize compliance and mitigate risks [3]. 3. Stakeholder Interaction: Chinese executives generally have more interaction with internal audit departments compared to global counterparts, except for audit committee chairs, who engage less frequently [3][21]. 4. Risk Management: 96% of Chinese companies are addressing talent issues through internal audits, and 81% are focusing on geopolitical risks, higher than the global averages of 86% and 69%, respectively [10]. 5. Effectiveness of Internal Audit: Only 40% of Chinese respondents believe their internal audit teams are "very effective" in identifying significant risks, compared to 49% globally [13]. 6. Strategic Involvement: 68% of Chinese respondents want internal audit departments involved in risk identification and assessment, while only 42% plan to include them in remediation efforts [17]. 7. Talent Acquisition: 60% of Chinese respondents plan to recruit internal audit talent internally, higher than the global average of 50% [38]. However, challenges include limited career advancement and inadequate recognition of internal audit's value [40]. 8. Technology Investment: Chinese companies are investing heavily in technology for internal audits, with a focus on governance tools and risk management, leading to higher returns on investment [42][49]. Additional Important Points - Internal Audit as a Cohesive Force: Internal audit can enhance risk management by addressing gaps in first and second-line functions, which are currently underdeveloped in many Chinese enterprises [27][28]. - Quality Management and Oversight: Chinese companies have shown significant improvements in quality management and oversight functions, outpacing global counterparts [34]. - Innovation in Internal Audit: Chinese internal audit departments are more innovative in guiding digital transformation discussions and proposing new business ideas compared to global peers [53]. - Challenges in Effectiveness: The effectiveness of internal audit teams in China is hindered by limited resources and evolving regulatory demands, particularly outside the financial and insurance sectors [24][14]. This summary encapsulates the critical findings and insights from the conference call regarding the internal audit landscape in China, emphasizing the need for strategic evolution, enhanced stakeholder engagement, and technological investment to navigate the complexities of the current business environment.