Research Of Risks-oriented Internal Auditing In Securities Companies

As the industry regulator strengthen the securities company’s internal audit work, the company’s own compliance management has also been a lot of development, the internal audit department has become an important part of the securities company’s risk control systems. In order to adapt to the internal audit function changing needs better, securities companies need to develop a new model of audit work, in this case, the "risk-oriented" internal audit work is imperative. Only by the real implementation of the internal audit department "risk-oriented" model of internal audit and risk management, can run the company and achieve timely detection and early prevention.The securities industry is a high-risk industry, as an important intermediary financial industry, how to effectively control risk has become the securities company’s sustained and healthy development of the most important issues. The key point is whether the risk control can effectively identify and quantify risks, risk-oriented basis of internal audit is an important way to solve this problem. Based on the "risk-oriented" internal audit is a new audit model, it is a comprehensive assessment of the risks to determine the scope, by means of the technical means, it can reduce and control the risks, in order to increase business value goals. Because in China, risk-oriented internal audit started late, current research and exploration, more remain in the basic theory, practical study of risk-oriented securities company internal audit are less.Based on the above, this paper is based on China Galaxy Securities and risk-based audit-related internal audit, combined with the actual situation, the integrated use of data, graphics and other materials, analyzes the Galaxy Securities’ risk-based internal audit, risk management, researches the pros and cons and make recommendations to strengthen the internal audit. Finally, the securities companies carry out the development trend of the future, "risk-oriented" internal audit were discussed.The first part introduces the research background, significance, research status, content and structure, research methods, and lack of innovation. The second part mainly conducted a brief introduction, including securities company’s internal audit development background, development process, development status, as well as the content and features of the internal audit from four aspects of the securities company’s internal audit. The third chapter is case studies, focusing on Galaxy Securities Company situation and problems in internal auditing, on how to implement risk-based audit mode and effects analysis application, derive a useful inspiration and experience. In the case study, this paper focusing on the company’s internal audit Galaxy Securities realities, how to establish a risk assessment model and risk analysis and research, including the impact on the securities company’s internal audit work, "risk-oriented" internal audit "Risk oriented "Internal Audit’s actual situation and the implementation of the results," inadequate risk-oriented "development of internal audit existing in the process. It has a very important significance to further enrich the relevant risk-based internal audit of theoretical study and practical application. The fourth part is that, how the securities companies increases the "risk-oriented" approach to explore internal audit, improve the audit, four aspects of quality control systems, etc., and to establish performance appraisal system. The fifth part is the conclusion of the study. It summarized China’s securities companies that how to carry out "risk-oriented" internal audit, to continuously improve and develop the future status of audit tools are put forward.