A Strategy-Oriented Enterprise Internal Audit Organizational Structure—Based on Case Study of CPIC

This paper takes China Pacific Insurance (Group) Co., Ltd. (“CPIC”) as an example. According to the three turning points, from its going public at 2007 to its strategic change at 2010 and to the last whole audit organizational structure, this paper is detailed to introduce the development and adjustment of CPIC’s internal audit organizational structure (hereinafter referred to as IAOS) as the change of corporate strategy. Moreover, it examines the advantages and disadvantages of present internal audit organizational structure both from governance layer and management layer. This paper also provides several practical advice on the problems existing in current internal audit organizational structure.