Research On Improving The Risk-oriented Audit In Hainan Power Grid Co.Ltd

As a new concept of audit, Modern risk-oriented auditing represents the latest trend of development of modern audit methods, and the request of economic development to some extent. Risk-oriented auditing mode requires certified public accountants based on strategic analysis, analysis of strategic implementation of business risks that pose a threat, identify and assess the risks of material misstatement of the financial statements.In this paper, an accounting firm choose two units of Hainan power,archiving analysis, supported by interviews and field observation.Mainly from primary business activity, Audit plan, Risk assessment and Risk response, Importance level, Principal audit procedures, Material misstatement adjustment to analyze the implementation of modern risk-oriented audit and the main problem. At last feasible policy recommendations were proposed to solve these problems.This article is divided into four chapters. The first chapter is the introduction and literature review; The second chapter is theoretical basis, mainly introducing the theoretical foundation of the modern risk-oriented audit and compared with the system-oriented audit, requesting some approaches of the use of risk-oriented audit. The third chapter chooses two audit clients' working papers as sample in a accounting firm to investigate the application of modern risk-oriented audit; The fourth chapter is this article's conclusion part, including the research findings, countermeasures and suggestions, study limitations and future research direction.