The Sc University's Internal Audit Risk Control

As the authorities and agencies of SC University constantly deepen their understanding of the functions of university internal auditing, the role of internal auditing in the university administration has been gradually acknowledged by the University. Due to the introvertedness of the business target and scope of university internal auditing, auditing risk is paid little attention to. The authorities and agencies of the University believe that auditing risk lies mainly in other types of auditing while the university internal auditing has almost no auditing risk. The factors, such as the lack of independency of university internal auditing entities, the limited work capacity of auditing staff, and the backwardness of auditing methods and instruments, lead to the existence of SC University internal auditing risk. Meanwhile, the authorities and agencies of the University have shown higher and higher expectation on internal auditing, and there are more and more auditing responsibilities and risks. There come up new features of the education activities and related business of the university at present. The risk not only does exist in university internal auditing, but also tends to be larger. The paper begins with the generic theories of internal auditing and auditing risk control, illustrates the present conditions of SC University internal auditing and the objective existence, definition, classification, expression and causes of the risk, and puts forward the strategy and specific measures of preventing and controlling university auditing risk so as to avoid and prevent the loss caused by university auditing risk as much as possible.The four parts of the paper have studied the risk control of SC University internal auditing. Firstly, it introduces the generic internal auditing theories of its definition, emergence and development as theoretical reference, illustrates the definition, features, classification and various causes of auditing risk as well as present theoretical study on auditing risk control, and finds the breakthrough point of this study. Secondly, with the experience of participating in SC University internal auditing work, it analyzes the current condition and characters of SC University internal auditing under the new situation, describes the definition, characters, classification and expression of, and discusses the causes of SC University auditing risk in terms of university internal auditing administration system, problems of the auditing subject and object, auditing process, auditing methods and auditing quality control. Finally, in the light of the causes of SC University internal auditing risk, it puts forward the strategy and specific measures of preventing and controlling SC University internal auditing risk, including building favorable auditing atmosphere, improving auditing staff quality and auditing methods, regulating auditing process and quantify auditing quality.