The Study Of Auditing In Fund Management Of Power Grid Enterprises Based On Risk-oriented Approach

Fund means fortune so it is important to enterprise like blood to a person. Power grid company is a kind of capital intensive large-scale group company. And fund is the main source. As power grid company has the character of large scale of operation and complicated multistage rights organization, and fund in power grid company is numerous and varied, capital flow is huge and amount of funds deposited scatters, especially there exists high risk in electric revenue and project fund, all that will enhance the level of difficulty and complicity in fund management and auditing. As a result, the traditional auditing technique can not meet the requirement of new situation obviously, so it is nessary to introduce the risk-oriented auditing approach.This thesis has introduced the risk-oriented auditing approach into the auditing in fund management, which means that it will take total risk analysis and assessment to the auditees firstly, focusing on risk measurement, and choose the scope of substantive test procedure based on determinate level of risk, then reduce the auditing risk and improve the auditing efficiency. The first part of thesis sets forth the conception of funds management and explicates audit scope. Besides that it has also introduced the theory of risk management and risk oriented auditing and explicates the methods of study. Then the second part has analyzed the management pattern of fund management and characters of fluidity and stock of fund with financial data of C power grid company. After that the third part is the first step of application risk-oriented auditing approach that has made risk identification, risk appraisal and risk ranking to find the important areas of risk, which will supply the basis of auditing to choose the significant audit object. Finally the forth part will design the different auditing plan and proposed relative suggestion according to the character of significant audit object. The application of risk-oriented auditing makes the fund management auditing more perfect and pointed, by analyzing the risk situation in different perspective and defining the key point of auditing then getting suggestion of auditing finally.