Research On Corporate Risk Oriented Internal Audit Application

With the rapid development of economy, remarkable changes have taken place in the worldwide economic environment and the enterprise operational environment. In this circumstance, the importance of internal audit function in corporate governance becomes higher and higher, the focus of internal audit changes from internal control evaluation to risk assessment, and risk oriented internal audit is gradually developing into the mainstream trend of modern internal audit. Risk oriented internal audit in a more systematic and standardized manner contributes to the evaluation, control and handling risk, helps companies to bring appreciation in value, and plays a more important role in achieving the goal of corporate governance. This dissertation is divided into six parts. The first chapter is the introduction section that explains the research background, purpose and significance, and briefly introduces the innovation of this research as well as shortcomings.The second chapter is enterprise and risk-based internal audit processes feature, first introduced on the basis of corporate governance and corporate governance risk concepts, discusses the importance of corporate governance in internal audit; secondly, through the introduction of risk-based internal audit theory, make risk-based internal audit to have a comprehensive understanding; again, from different aspects of risk-based internal audit explained the relationship between corporate governance; Finally, the risk-based internal audit processes. This chapter describes the theoretical knowledge, we can see that risk-based internal audit on corporate governance has important significance. The third chapter mainly introduces some situations of real estate enterprises. Based on the characteristics of corporate governance, risk management status of real estate enterprises and the present situation of internal audit, it found that the corporate governance condition of real estate enterprises in China is not optimistic, which indeed highlights the research significance of this work. The fourth chapter introduces the corporate governance characteristics, internal audit and risk management system in U.K. companies, which provide high reference value to our country. In the fifth chapter, through analysis a scientific framework for corporate governance and a work process for risk oriented internal audit have been proposed for LM real estate company, so that an improved audit model can play a greater role in corporate governance and promote better and faster development. At last, it summarizes the research conclusions of this work and indicates the research limitations and outlook for future research.