Research On The Application Of Risk Oriented Internal Audit In X Company's Biological Assets Project

For a long time,the food processing industry has occupied a large proportion in the development of China's national economy and is the industry most closely related to the basic life of the people.Among them,dairy manufacturers have characteristics that are different from other companies.Most of China's dairy manufacturing companies rely on their own biological assets to provide raw materials,and biological assets are irreplaceable compared with other corporate assets.Distinctive characteristics,so the audit of biological assets projects,the requirements of internal auditors of enterprises must be more stringent to other industrial enterprises.This paper mainly discusses the application of risk-oriented internal audit mode in bio-asset auditing in dairy listed companies.At present,the development direction of internal audit of enterprises has basically determined the mode of risk-oriented internal audit.Many experts and scholars at home and abroad have conducted further research and discussion on this,and the theoretical community has matured.However,due to the late start of China's risk-oriented internal audit research and the solidification of the internal audit system,there are many difficulties in the use of risk-oriented internal audit.Especially in the dairy listed companies,the internal audit of biological assets is rare.There are still many vacancies in the places where we can learn from and learn from.It is imperative to study how to optimize the internal audit procedures of biological assets.X company currently has total assets of more than 100 million yuan,mainly based on biological assets,production of liquid milk,yogurt and other dairy products.With the rapid expansion of the company's business scale and the implementation of the corporate diversification strategy,the risks faced by Company X are becoming more complex and obvious,especially financial risks and operational risks,which are exceptional due to the special nature of biological assets,important.Under this circumstance,the traditional internal audit mode adopted by the company at this stage can not fully meet the needs of the company's development and strategic planning,nor can it identify and respond to financial risks and company's operational risks.Therefore,this paper intends to explore the specific application of risk-oriented internal audit in Company X.At the various stages of biological asset audit,the corresponding methods and approaches are designed.The risk assessment indicators are used to quantify the company's financial risks and operational risks.To develop a corresponding audit plan,rationally configure audit resources and implement appropriate internal audit activities to deal with the company's financial risks and operational risks,it has become the only way for X company's internal audit development at this stage and in the future.The author hopes to enhance the value of X company's work in bio-asset auditing through risk-oriented internal audit,and also provide a certain degree of reference for the improvement and improvement of internal audit work of other domestic enterprises in biological assets.