Assessment And Response To The Risk Of Economic Responsibility Audit

Our country's economic responsibility audit work of leaders started in 1980s of the 20th century. In recent years, as the implementation of economic responsibility auditing grow comprehensively and deeply, the risk assessment and response in economic responsibility audit has been put on the agenda of auditing departments at all levels. Economic responsibility audit has risk as other audits, but because of their own more distinctive features, such as the clear purpose, the extensive content, the special objects, the timeliness of auditing standards and the lack of evaluation standard, making audit process along with the higher risk. In order to avoid the economic responsibility audit risk or reduced it to an acceptable level by researching how to strengthen risk assessment and response procedures in economic responsibility audit.Firstly, this article introduced the objects, scope, meanings of research study, issues, background of the research, papers review, research methods, research of structural arrangements and the problem which will be solved. Analyzed the two audit procedures—risk assessment and risk response through introduction of the audit procedures after explaining the meaning, characters, content, procedures, risks and causes of economic responsibility audit. Introducing risk assessment and response procedures in the economic responsibility auditing procedures led to carry out detailed analysis on the risk assessment and response. Completed the risk assessment study of economic responsibility audit by analyzing the environment where staff audited, the internal control in unit, report responsibility for risk assessment and risk assessment of acts. According to the control test, substantive tests and other measures of risk response, analyzed the problem of risk response in economic responsibility audit. Economic responsibility audit risk run through the entire auditing process, economic responsibility audit report is no exception, so auditors should consider risk assessment and response when writing audit reports. Finally, policy recommendations, contribution and lack of this paper accomplished the conclusion of research.The paper made certain contribution to risk assessment and response to China's economic responsibility audit for both the theory and practice of research. Ensuring will formulate scientific and rational economic responsibility audit program and improve audit quality and efficiency of economic responsibility audit. The mechanism of risk assessment and response in economic responsibility audit will be established, supervise audit staff they work dutifully in the economic responsibility audit, ensure the reliability of audit findings. It will improve personnel quality in economic responsibility audit, risk awareness and overall quality. It will update the internal control mechanism concept and prompt internal control mechanism in the audit unit.