The Applied Research Of Risk Management Auditing In Chinese Enterprises

With the development of the market economy, market environment has changed a lot, and enterprises are facing the gradually increasing uncertainty. Risk recognition and risk management has become urgent for the modern enterprises. Risk management plays a significant role in the survival and development of enterprises. On June 6, 2006, State-owned Assets Supervision and Administration Commission issued a "Central Enterprise-wide Risk Management Guidelines". The "Guidelines" not only marks that our country has its own comprehensive risk management guidance document, but also states that the Chinese enterprises are moving towards to the advanced stage of management which contains risk management. In order to ensure the effectiveness of risk management, many excellent enterprises have developed risk management auditing. Risk management auditing is an important part of the internal auditing. In order to achieve the organization's goal, risk management auditing targets risk management as its object. Risk management auditing implementation helps enterprises enhance their capacities towards risk management, to effectively deal with risk associated with internal and external business environment dramatic changes. What's more, it is also able to improve the internal auditing department's role in the enterprise corporate governance. It gives full play to the advantages of internal auditing comprehensively and improves the quality of internal auditing. Risk management auditing in our country is still in the initial stage of implementation, hence, it is of theoretical and practical significance to select risk management auditing as the subject for research.This paper introduces the concept of risk firstly, and then expatiates on the relevant theory of risk management and internal auditing. On the basis of the combination of internal auditing and risk management, the paper has done a systematic study of risk management auditing and formulates the framework of risk management auditing. From macroscopic aspect, this paper summarizes the characteristics of international risk management auditing through comparison in order to provide reference for risk management auditing standard in China. From microcosmic aspect, the article provides some useful suggestions on how to implement the risk management auditing at the enterprise level by choosing one State-Owned Enterprises in Xiamen as a case to analyze the advantages and disadvantages during risk management auditing.