Applied Research On Risk-based Internal Audit Model Of A Company

With economic globalization,advancement of the high-tech,increasingly fierce market competition,the survival and development of enterprises are facing more and more severe tests and challenges.The internal audit department in the case of domestic and international political and economic environment changed significantly,not only to consider the development of the sector,but also to take into account how companies become the industry leader in the external environment.Therefore within this context audit departments will use risk-oriented audit model into the internal audit work in the past.Risk-based internal audit theoretical study in developed countries have more mature and widely used,but Chinese researches are merely the basic concepts and the theoretical stage.In short,risk-based internal audit model in China is still a new audit model.this paper studies the specific application of this model in our country,help build our internal audit theory and application system,and promote internal audit our development.Risk-based internal audit mode need the auditors,who identify which risks may cause significant loss of business and take a series of procedures for control and management such risks,to match audit objectives and strategic objectives in order to reduce enterprise adverse effects.In addition,this new audit model helps companies improve their operational efficiency,enterprise value,thus contributing to the rapid realization of corporate strategic goals.The first chapter explains the risk-based internal audit research background,research methods;The second chapter reviews the domestic and foreign basic theory after decades of accumulated mature analyzed;Then as the A transport company an example,the third chapter describes the status of internal audit of A company,and analyzes the formation of the reasons for the current status of the audit.The fourth chapter describes the necessity of adoption of risk-based internal audit model and the design of specific implementation process,which is the study of risk-based internal audit model has practical application significance.All in all,it can be concluded that:risk-based internal audit,as an efficient way to audit,is the inevitable trend of development,and facilitates the entire transportation industry to promote.A transport manufacturing company in this case belongs to the electric car industry,which has entered a mature stage of the product life cycle in the year of 2013.This means that A company faced competition for high-quality resources with the same industry enterprises,so risk prevention and control at this time has an extremely important influence on the development of enterprises.Risk-based internal audit model is able to meet the needs of enterprise management,gives full play to the internal audit department supervision,service,consulting functions,various factors affect on the uncertainty effective identification and prevention,in order to increase the value for the enterprise.But there are still limitations and other issues in the study of the internal audit,and then the implementation of risk-based internal audit model will still face many challenges.