Its main content is strengthening supervision to high-ranking managers and preventing external audit failure.

This paper discusses on the relation between the internal audit and the external audit, and points out that should strengthen the cooperation of the internal audit and the external audit, improve the working methods, and increase the quality of .

The paper brings forward the concept that there is the tendency of convergence in internal and external auditing based on the historical and theoretical analyses as well as the factors that have impact on the convergence of internal and external audit according to endogenous variable and exogenous variable respectively.

Regulation, External Auditing, and Rights Issues

Some professional organizations suggest the coordination between internal auditors and external auditors, for example,taking advantage of the results of internal auditing,deducing the duplicated auditing work,improving the efficiency and effects of external auditing and decreasing the external auditing fee and etc.

Thus,we must utilize the mutual coordinative channels between internal and external auditings to establish and refine the supervision and inhibiting mechanism in auditing,fully give play to the function of the auditing department,minimize the risk of enterprises and the loopholes in management,and pledge to realize various goals in management smoothly.

s: The commercial bank exterior audit is one of the social independent audit,which plays an important role in the regulation of banks in many countries .