Study Of Management Audit In Risk Management In The State-owned Enterprises In Guangdong Region

Enterprises, especially state-owned enterprises, will face various risks in daily operations, so attaching importance to risks and managing them have become the urgent needs of the modern state-owned enterprises. At the same time, the development of the audit function has begun to tilt its scope from traditional financial audit to management audit, which involves risk management. Under the development of risk management, internal audit not only covers the financial area, but also focuses on high-level operation and management activities, which is management audit.Through the theoretical and empirical analysis, this article analyses the application of management audit in state-owned enterprises in the Guangdong. Based on the combination of theory and practice , this article focuses on the research of management audit, and reveals the application and implementation of management audit in the process of participating in the risk management in state-owned enterprises. Risk management framework constructed through management audit is to ensure that the state-owned enterprises in Guangdong can achieve their objectives. Therefore, choosing management audit as research subjects has certain theoretical significance and considerable practical value. The implementation of management audit is the corollary of fiduciary duty of state-owned enterprises, and should help state-owned enterprises to avoid risk, control risk. By strengthening risk management, state-owned enterprises should improve the efficiency and effectiveness of their holistic management.Management audit is the future development trends and direction of internal audit towards risk management. With the aid of management audit and relevant risk management theories, this article enlightens the relationship between management audit and risk management. Management audit is a substantial element of risk management, while risk management is also the important content in the implementation of management audit. Taking the state-owned enterprises in Guangdong Province as an example, this article illustrates the present status of the development of management audit in state-owned enterprises in Guangdong, it points out the necessity of enhancing management audit and anatomizes the problems and their causes that exists in the management audit in the state-owned enterprises in Guangdong Province. Meanwhile, considering the series of problems, for instance, state-owned enterprises'urgent need of a standardized and legalized external environment, the limitation caused by the loose internal environment in which management audit is implemented, the yet-to-be-qualified audit personnel and so on, this article bring forth possible countermeasures, including ameliorating the external environment, strengthening the function of internal auditing institutions, improving auditing methods ,promoting the quality of audit personnel, and boosting the audit informationization and so on.Through the reference of the United Kingdom and Australia and the comparison between the two in management auditing practice , and based on the analyzing of theories and embracing practice, this article probes into the content of management audit and provides decision-makers in state-owned enterprises with to thoughts and measures. Meanwhile, this article deals with the specific case studies and draws certain conclusions about the implementation of management audit in risk management in the Guangzhou Metro Corporation to risk management applications, focusing on the following several aspects including risk environment, risk event identification, risk assessment, risk response and control, risk information communicating and monitoring.