Research On Modern Risk - Oriented Internal Audit Practice

With the advent of the era of economic globalization, China’s enterprises are facing with great opportunities as well as challenges. The state encourages our enterprises to embrace both scale and collectivization development. If enterprise groups want to gain a firm foothold and acquire sustainable development in the midst of this economic wave, they must firstly perfect corporate governance structure. Therefore, as an important part of the corporate governance, internal audit is playing an increasingly important role. Nowadays, in enterprises, the status of internal audit is not only playing a role of supervisor, but is also turning into the direction of management consultant.From the perspective of internal audit, this paper proposes the latest risk-oriented audit model based on the summary of the development process of internal audit. By studying and analyzing the basic theory of auditing knowledge and risk-oriented audit models, the author finds that domestic literatures tend to focus on the theory of risk-oriented audit model, and rarely combine theoretical knowledge with practices. Therefore, the author selects the internal audit of China property enterprise A Co., Ltd.(hereinafter referred to as "property enterprise A") as a case study, firstly introduces the basic situation of property enterprise A’s internal audit, and then takes a four-stage audit procedure (namely, audit plan, field audit, audit report and audit follow-up) as its research objectives, and finally gives suggestions on the internal audit of property enterprise A, that is, to develop a well-processed and informationized internal audit model, which is shifting into the role of consultant, and to establish an audit team with integrated technical skills.So far, our country has not proposed an authoritative representative specimen of internal audit either theoretically or practically. The author hopes that, by taking the internal audit of property enterprise A, a large-scale and steady developing enterprise with strong internal audit capability as an example, through learning from its advantages, and overcoming its shortcomings, we can not only put into use such knowledge on the daily work of internal audit of property enterprise A but also provide certain theoretical guidance and practical operation advice for enterprises with more wide ranges.