Application And Optimization Research On Risk-oriented Internal Auditing

The global economic development has brought new opportunities to our enterprises,and the coming of the industrial 4.0 era has brought new revolution to our manufacturing market.Income and opportunity are accompanied by risks,and the revolution has brought more intense market competition,which has led to more and more risks faced by domestic enterprises.Therefore,reasonable risk prediction and timely solution are related to the future development of the company,leading to risk management more and more attention by various enterprises.Internal audit plays an important role in risk management.At present,the function orientation,organizational system and technical methods of internal audit of Listed Companies in China have shown a new normal trend with the progress of economy and society.The model of internal audit has begun to transform from traditional mode to risk-oriented mode.Risk-oriented internal audit is a new and advanced audit mode.It can focus on the risks faced by enterprises according to their strategic objectives and corporate governance,and effectively integrate risk management and corporate governance,so as to maximize the value of enterprises.At present,the risk-oriented internal audit in China is still in the stage of development.Through summarizing and analyzing the connotation and requirements of the more perfect risk-oriented internal audit mode at home and abroad,this paper chooses the risk-oriented internal audit process of the related party transaction business of A company to study according to the internal audit status of listed companies and the industry characteristics of metal products industry,finds the existing defects from the internal audit status of the company,and puts forward the optimization measures one by one in view of the defects.By using the method of literature research,this paper collates the relevant literature of risk-oriented internal audit at home and abroad,understands the related research of related party transactions,and clarifies the theoretical basis of risk-oriented internal audit based on related party transactions.Then,through the analysis of the current situation of risk-oriented internal audit in China,the main risks of related party transactions are summarized;the case company A is introduced,and its industry and internal audit status are introduced,which lays a foundation for the analysis of the company’s risk-oriented internal audit model;finally,combined with the current situation of internal audit of related party transactions,the paper puts forward some suggestions for the existing defects.It is hoped that this paper can play a helpful role in the supervision of corporate governance and daily management in China,and make a modest contribution to the innovation and development of risk-oriented internal audit in China.