The Zhenghe Petrochemical (Group) Co was declared a model enterprise for its internal auditing for 2012, recently, by the Dongying municipal auditing office, for clearly defining duties and functions and standardizing auditing procedures. By centering on operational and management goals, the auditing helped improve supervision, increase efficiency, and contribute to cleaner, more honest corporate governance. The auditing work helped lay a solid foundation for reaching company operation goals. Twenty other Dongying units and companies got the award.