Most enterprises often ignore the role of internal audit in the process of asset restructuring, and internal audit can affect the asset restructuring activities of enterprises through various ways and means, and ultimately affect the realization of the asset restructuring objectives of enterprises. Therefore, enterprises should attach importance to and give full play to the role of internal audit in the process of asset reorganization. The following is my knowledge about the role of internal audit in enterprise asset reorganization. Welcome to reading.
First, before the reorganization of enterprise assets
Before asset reorganization, the role of internal audit is mainly to prepare for the formal implementation of asset reorganization, including the following three aspects:
1. Conduct audit investigation. Through the audit investigation, it provides a reliable basis for enterprise leaders to make asset reorganization plans.
(1), business survey.
(2) legal affairs investigation.
(3) Financial investigation.
2. Feasibility study on asset reorganization scheme.
(1). Review whether all parties involved in asset reorganization in the scheme are existing property rights subjects.
(2), review the advantages of enterprises whether to choose those enterprises that can supplement the production factors of the enterprise, or to optimize the industrial structure and product structure to form a competitive advantage of scale, and voluntarily propose restructuring enterprises.
(3) Review whether the merged enterprise chooses products that are in urgent need of the market and have strong financial strength and technical development strength.
3. Organize and cooperate with asset appraisal. Enterprise internal audit institutions can give full play to the advantages of being familiar with the enterprise situation, and organize and cooperate with social intermediary institutions with asset appraisal qualifications to carry out asset appraisal work. So as to shorten the time, save the cost and improve the quality of asset appraisal.
Second, in the process of enterprise assets reorganization
In the process of asset reorganization, the role of internal audit is mainly reflected in two aspects: protection and promotion:
1. The safeguard function mainly refers to the function of internal audit to ensure the smooth realization of the asset reorganization process without interference. In the process of reorganization, the internal audit institution shall urge the asset reorganization handling department to seriously implement these systems and measures, and investigate and correct the behaviors that deviate from these systems and measures.
2. Promotion mainly refers to the role of internal audit in accelerating asset restructuring. The asset reorganization system and measures formulated by enterprises are inevitably inconsistent with actual economic activities in concrete implementation. This requires the internal audit department to put forward opinions and suggestions to enterprises through audit supervision, so that enterprises can take effective measures to solve them as soon as possible.
Third, after the reorganization of enterprise assets.
After asset reorganization, the role of internal audit is mainly reflected in evaluating the portfolio benefits after asset reorganization, focusing on the following two aspects:
1. Review the compliance and legality of accounting treatment after enterprise assets reorganization, pay attention to safeguarding the legitimate rights and interests of all parties involved in assets reorganization, and ensure the safety, integrity and appreciation of state-owned assets.
2. Compare and analyze the changes of all parties before and after asset reorganization, and evaluate the effectiveness of asset reorganization. It mainly includes: the evaluation of reorganized enterprises. On the one hand, it is to evaluate the capital economic benefits realized after asset reorganization, on the other hand, it is to evaluate whether the enterprise can expect to create benefits that exceed the opportunity cost calculated by the economic value or market value of equity, and whether the shareholders can obtain value-added benefits.
Group benefit evaluation after assets reorganization. Asset reorganization may have an instantaneous effect on the relevant parties in terms of tax revenue and enterprise value, but the success or failure largely reflects whether the enterprise group has achieved the expected overall synergy after asset reorganization and whether it has reached the average level of the same industry. Compared with the historical performance of the group:
(1), financial coordination, such as saving capital cost, reasonably improving capital structure, reducing transaction cost and efficient cash flow;
(2) Synergies in operation, such as reasonable economic scale, optimizing enterprise combination, strengthening specialization and cooperation, etc.
The synergy effect of enterprise groups after asset reorganization is mainly evaluated from the perspective of the head office, which is an overall effect evaluation of enterprise asset reorganization strategy, and its purpose is to find out which factors have led to the success of reorganization. Its evaluation scope includes both financial benefits and non-financial benefits, including both immediate benefits and future benefits.
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