The Integration Of State Audit Response And Risk Management System

High-speed rail way project shoulders important social responsibility such as providing the transportation support to the economic development and social activity. State audit, as a method of external supervise, is a complement to the enterprise’s own accounting control system, and contributes to the overall risk management system of Construction Corporation. State audit and corporate’s risk management share the same goal and mission. However, at present, they are independent to each other due to opposite standpoints. As has been long working in department of a large construction enterprise, the author prepares this dissertation to suggest integrating two systems, thus to covert the pressure of audit response into the power to manage corporate risk. The integration will, on the one hand, reduce the work of state audit through more reliable resources available, and on the other hand, allow the enterprise to learn from the state audit to improve its own risk management methods and better response to state audit.Firstly, the dissertation introduced some related theory, research methods, main structure and conceivable innovation and corresponding deficiency. Then, the author presented the fundament risk categories of high-speed railway project and selects the risks to which most attention should be paid to, after considering the risks’influence degree, influence scope and controllability. The author also hackled and analysed the concerns of state audit.Then, this dissertation pointed out the necessity of integration; the difficulties in state audit response and discussed the rationality of integration. In this way, the author provided the internal logical and background of the integration of state audit response and risk management framework.Described in the above theoretical basis, the dissertation designed a roadmap to standardize and institutionalize the state audit response. After selecting thoughts, designing indexes and conforming principles of management and control, an application flow of integration was constructed, with risk tolerance and prohibitions as the core and institutionalization and informatization as the base.Finally, based on long work experience and the present practice of risk management and audit response, the dissertation presented a real case to illustrate the steps and method to integrate audit response into risk management system. The author also discussed some other risks which was not mentioned in the case and made a number of implementation to deal with these risks.