Research On Risk Oriented Internal Audit Of DT Company

With the rapid growth of China’s economy and science and technology,increasingly deepening globalization and the fierce competition among companies at home and abroad,China’s enterprises have countered aggravated risks.The entrepreneurs come to realize that risk management is of great importance and only equipped with the effective risk management scheme can enterprises achieve sustainable development.Management personnel of companies have put higher demands and expectations to Internal Audit Department that it should shoulder more responsibilities and play a more effective role in risk identification,assessment and prevention,so as to achieve long-term development.Risk-based internal audit is one part of risk management and a new model of the transformation of internal audit.Risk-based internal audit highlights that risk analysis and expectation should be emphasized in the whole process of internal audit to guide audit and raise enterprises’ awareness in risk prevention.However,due to the fact that the research of that new model in China is still in its infancy and lack large-scale popularization,risk-based internal audit is of great significance in the development of China’s internal audit,no matter in which fieldsThis paper has mainly adopted the research methods of combining theoretical analysis and case analysis.After reading lots of literature on the related fields,the author has obtained a basic theoretical understanding of internal audit and risk-based internal audit.Regarding DT company as the research object and based on the discussion with its personnel on DT’s specific situations,the author introduces the reasons behind the application of risk-based internal audit,and then analyzes the whole process of risk-based internal audit.In terms of risk assessment,the author analyzes the risks of Dt company faced both inward and outward with many research methods.On the basis of the risk evaluation,the author devises audit plans for each project,identifies audit key points,puts test of controls and substantive procedures in practice,determines residual risks before putting forward targeted rectification measures and delivering the audit report.With an aim to solve the existing problems in the real performance of risk-based internal audit,such as the imperfection in risk-based internal audit and risk assessment scheme,the unsatisfying information of internal audit and the faultiness of risk-based internal audit procedure,the author proposes many advices that we should improve the risk-based internal audit environment,optimize risk assessment scheme.put the information of risk-based internal audit to a high level and improve the risk-based internal audit procedure.