Research On The Application Of Risk - Oriented Internal Auditing In Listed Companies

Step into the21th century, the enterprise competition becomes more and more intense, follow the grown of the economic globalization, at the same time, the risk in the company’s operational also grows. In this context, a healthy sustained fast-developing company must strengthen its own ability to control and against the risk. To manage and control the risk makes a company achieve unwavering success in the overall market, as an effective supervise and control way, the internal audit plays an important role in the situation.The traditional internal audit just focus on the company’s internal operation and running, its lack of overall understanding of the operational risk leads to a one-sided negative impact. So both of the international and national audit guidelines made a corresponding adjustment for lack of paying attention in the risk management, revised the previous guidelines, and introduced new audit standards which emphasized the internal audit based on the "risk orientation". This new internal audit is widely accepted by the western developed countries and successfully used in many public companies.This new "risk oriented" internal audit is newly accepted in China, and related research achievements stays in the theoretical research stage, yet only know the basic concepts of the newly internal audit, so we have no successful cases with using the method. This paper gives an introduction about the risk-oriented internal audit, explains the audit method and processes in detail, and gives an analysis of a company’s how to get a grown profit by using the internal audit. By so, I hope the risk-oriented internal audit gain more space for the company’s operation.At first, this paper explains what is risk-oriented internal audit and its research background and research significance, then gives an introduction of its connotation, elements and features by combining the existing research results in abroad and nation. On the basis of the theoretical framework of this audit method, combines the results when a company control the enterprise’s operation risk by using this audit method, this paper states the necessity of a company why must applies the risk-oriented internal audit. At last, this paper also gives some problems and corresponding solution strategy when public company uses the new audit model. Aiming at Chinese public company’s actual situation, combining this audit model’s characteristics and framework and relevant case analysis, I want to make the risk-oriented internal audit fit for our public company’s audit work, looking forward to solve the problem our company faces the operational risk, fulfill the business target, and of course it may lead a tendency the company widely uses the new audit model.Of course, the risk a company faces became very complex, and some audit systems are established but not complete, this paper lays upon the concrete implementation of the risk-oriented internal audit which used by the public company. By analyzing the implementation of the audit model used by the company, I found that using the risk controlling audit model fits the global audit strategy of a company, and the management key is keep an eye on the area where loads more risks. According to the "target-risk-control-audit" model, coupled with the SWOT analysis method, this audit model thoroughly evaluates the company’s management, finds the risk and leak in the operation, and gives rectification and lifting measures. In a word, we can use the risk-oriented internal audit to control the risk and advance the corporate value.