Risk Evaluation Model And Application Of Zoomlion Yearly Internal Audit Plan

The overnight collapse of those famous enterprises, not only brought great losses to investors, but also irritated supervisors’ nerve because of the significant problems exposed in risk management and internal control. Then the internal audit starts to be attended as the "third eye" by the industry.As the main accordance of internal audit work, the planning of annual internal audit work appears particularly important. That carrying out the research and exploration of the theory and application of the risk evaluation model for annual internal audit planning shows very important theoretical and realistic value for the execution of enterprises’ internal audit work and the improvement of internal audit system.Beginning from the situation of the planning of annual internal audit work in Zoomlion, this paper analyses the problems existed, combined with the practice of risk evaluation models for internal audit planning. And then, and according to the actual situation of the management of Zoomlion’s internal audit, this paper constructs an audit planning risk evaluation model with the subdivision of the field of internal audit as the longitude and the choice and measure of the elements for risk evaluation as the latitude. Through the practical application in Zoomlion, this paper then proposes some improvement measures and optimization programs. Empirical research shows that:The design quality of internal audit plan risk assessment model,mainly in the rationality of audit business division standard, overall consider of jobs, practical and scientific elements of risk assessment that audit business choose the elements, risk scale uniformity and rationality, and applicability of risk assessment factors determining weights method; second, compared with the mode of preparation traditional audit plan, audit plan risk assessment model for the annual audit plan based on key projects’ selection and audit resource allocation has a great improvement and promotion,more help to meet needs of management, integrate andit resources,reduce the audit cost,and improve the effect and efficiency of the audit work.To some extent, the formation of the annual audit plan based on risk oriented, enriched the theory and practice of the risk evaluation model for audit planning in the field of domestic enterprises’internal audit.