Risk Control Of Internet Financial Business Based On The Technology Of Continuous Auditing

With the great advances in information technology in today’s big-data age,Internet-finance appears,and China has the fastest development speed of it in the world.Concerning the enormous quick development of it,the business risk of Internet-finance enterprises must be taken seriously,and people need to create some relevant risk-detection and risk-prevention tools.So far in our country,the legal system for regulating the Internet-finance enterprises has not yet been established and improved completely.As a lot of risks,especially the credit risk,occur in the process of Internet-finance business,it’s necessary to strengthen supervision and management of such enterprises.Audit is an independent economic oversight activity,it should play an important and unique role for constraint and promotion.Continuous auditing(CA)has received increasing attention recent years,this audit approach has the advantages of automation,comprehensiveness,and timeliness.As a result of this advantages and the big-data environment of Internet-finance,CA technology is suitable to be used in Internet-finance enterprises to help improving the risk control management.In order to prove the effectiveness of CA for improving the risk control in Internet-finance enterprises,this article discuss the theoretical basis of CA and Internet-finance risks together,based on the introductions of several features of Internet-finance enterprises.In this paper,by analyzing the necessity and feasibility of the management of business risk through CA in Internet-finance enterprises,research how to use the CA technology in Internet financial enterprises.According to the conclusion above,this paper designs the working steps of building continuous auditing system for Internet-finance enterprises.This article propose a continuous audit process for Internet-finance firms by using the thought of onions application model,design the corresponding architecture according to different CA technical means,and explain the specific structure in a example case called YK network company to prove how the system apply to actual situation.In the end,this paper look into the future,try to predict how CA evolve in Internet-finance enterprises,putting forward two ideas for improving the risk management in Internet-finance firms.Gradually,Internet-finance firms need to improve their risk control by developing CA systems based on XBRL or agent intelligence technology.