1 / 29

The Performance Audit Evaluation upon the Central SOEs

Explore the performance audit of Central SOEs with the Integrated Performance Evaluation Indicators framework, emphasizing financial and management performance indicators. The development of the Audit Analysis and Early Warning System (AAEWS) IT software enhances real-time audits, early warning reports, and overall assessment capabilities.

hornt
Download Presentation

The Performance Audit Evaluation upon the Central SOEs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Performance Audit Evaluation upon the Central SOEs —— with the Use of KNI under the IT Environment

  2. Today’s Topic: SOE 公 Gong

  3. Mexico Accords Performance Assessment Systems Based on Key Indicators Entity/Government Agency Indicators Global Indicators National Indicators State/Public Sector Indicators Service, Program or Policy Indicators The CNAO is carrying out pilot audits over the central SOEs with the use of Key Indicators under the IT Environment

  4. KNI SOE IT Software Performance Audit

  5. Part Ⅰ Scope of Audit: the Central SOEs

  6. SOE’s Performance – Problem Operation Risks Input-Output Sustainable Development

  7. SOE’s Performance – solution Performance Audit Real Time Audit On-line Audit KI

  8. Part II Key Indicators used in the Audit: the Integrated Performance Evaluation Indicators for the Central SOEs (IPEI)

  9. IPEI Framework KI for Management Performance Qualitative indicators in the fields of Strategic Planning, Decision-making, Social Contribution, Impacts, Innovations, Risk Control, etc. KI for Financial Performance 22 Quantitative Indicators in the fields of Profitability, Quality of Assets, Debt Risk and Business Growth

  10. A B C Profitability Quality of Assets Debt Risk D Business Growth

  11. KI for Financial Performance 1 2 • …Assets Turnover Rate • …Return on Total Assets • … • … • …Operation of Assets • …Cost Control • … • … • …Structure of Assets • …Cash Flow • … • … 3 4 • …Debt Burden • … ....Growth of Sales • …Contingent Liability ....Capital Surplus • … ....Change of Profits • …Cash Flow Solvency • … ....R&D Input

  12. KI for Management Performance • Strategic Planning • Decision-making • Social Contribution • Innovations • Performance • Risk Control • Impacts • Human Resources • Management

  13. IPEI Evaluation Criteria Excellent Good Average Marginal Poor

  14. Part III IT Software used in the Audit: Audit Analysis and Early Warning System of the Central SOEs (AAEWS)

  15. Development of AAEWS IPEI:2006 Based on the IPEI and the related criteria developed by SASAC, the CNAO is working on the development of a smart IT software: AAEWS for the audit over the central SOEs. Criteria: 2009 2011:AAEWS 2012

  16. The Composition of AAEWS The Central SOEs Data Resources CNAO Calculating Tool Listed Corp. Evaluation Criteria SASAC Key Indicators

  17. Functions of AAEWS Data Management Data Input Overall Evaluation Review of Accounting Documents AAEWS Reporting Management Integrated Data Statistics and Analysis Business Performance Material Risks

  18. Evaluation Criteria Overall Assessment Balance Sheet Cash Flows Accounting Information Reliability Report Income Contingencies Audit Analysis and Early Warning Report Liabilities Guarantee Accounts Receivable Early Warning of Material Risks Investment & Risks Business Key Indicators Functions of AAEWS

  19. Values of AAEWS 1 2 3 Analysis and Early Warning for Each Central SOE Analysis and Early Warning for a certain type of the Central SOE Analysis of the Impact of the Central SOE on Economic Development and Social Progress

  20. Values of AAEWS 1 2 3 4 Planning of Enterprise Audit Real Time Audit over SOE Field Audit over SOE Internal Audit

  21. Part IV Audit Practice: Performance Audit Evaluation with the Use of KI of the Central SOEs under AAEWS

  22. A Case Study: Audit over Harbin Electric Corporation Which should be paid attention to When to give early warning Where to get evidence How to punish those violators

  23. A Case Study: Audit over Harbin Electric Corporation

  24. Two Reports

  25. Plus/minus • Plus Points • Minus Points • Audit results fully supported with audit evidence; • Saving Time • Moduels in the AAEWS are yet to be improved; • More indicators (social responsibility, policy,etc.) are yet to be added – +

  26. Any Questions?

  27. The End Thank you

More Related