Discussion On Risk Management Audit Of AX Securities Company

Since December 19 th,1990,the Shanghai Stock Exchange has been established for nearly 30 years,and he marks the beginning of the development of China’s securities market.China’s securities market has obvious high risks and fierce competition in the industry,therefore,the risk management audit of securities companies has distinct industry specificity.In August 2004,the CSRC fully deployed and launched comprehensive management work within the securities supervision system,and the internal audit work of securities companies has been carried out in accordance with regulatory requirements.However,in recent years,many securities companies have repeatedly exposed the huge defects in the internal control process,and the internal audit work carried out routinely cannot meet the needs of reflecting these problems.Therefore,under the era of “comprehensive risk management”,securities companies transition from auditing to risk management auditing has become an inevitable trend.Risk management audit is not only an effective means for the company to achieve operational management objectives and an important guarantee for the development of the company,but also an innovation and breakthrough in traditional audit methods.The risk management audit draws on the strengths of other audit types and integrates corporate governance,internal controls and risk management.It is a new form of auditing for the company’s overall risk management.At present,although Chinese scholars’ research on risk management audits has increased year by year,many companies still have problems in risk management auditing,such as the lack of independence of the risk management audit implementation in the form and the risk management audit department.This paper first understands the research of risk management audit by domestic and foreign scholars,then studies the problems existing in the risk management audit process of AX Securities Company,and studies the causes of these problems,and puts forward suggestions for improving the company’s risk management audit,in order to discover some shortcomings of securities companies risk management audits,and opening up ideas for the research of risk management audit related issues.I have worked in the front line of risk management positions in securities companies for three years,I think that securities companies are the most risky financial industry,so I have conducted a risk management audit on AX Securities and hope to implement risk management audits would bring to meaning and value for Chinese companies.The first part of this paper mainly introduces the research background,significance,ideas and methods,and gives a theoretical review on the research situation of risk management audit at the worldwide.With the rapid development of the economy in the current era,the competition in the financial industry is becoming more and more fierce,and the risk of the company is also diversified,risk management audit makes up for the limitations of internal audit and is an advanced model that is conducive to improving the risk management of the company.The second part introduces the concept and content of risk management audit first,which leads to the characteristics and necessity of risk management audit.Then discuss about the basic procedures of risk management audit,including the planning,implementation and audit reporting stage.Finally,the risk management audit protection mechanism is elaborated around the risk management evaluation system and the audit structure and method.The third part of this paper describes the basic situation of AX Securities,and introduces the organizational structure and staffing of AX Securities’ risk management audit.Then through the analysis of AX Securities’ risk management audit case,it exposes the main problems of AX Securities Company’s risk management audit: the risk management audit work frequency is too low;the risk control committee is not established;the risk management audit task is efficient.High;the company’s identification of various risks is not accurate;follow-up risk management audit work is not in place.The fourth part analyzes the causes of AX Securities’ risk management audit problems: the company is not aware of the importance of risk management audit;the company lacks a complete risk management audit system;the company’s risk management audit structure is not perfect;The technology of the company’s risk management audit is flawed;the construction of the risk management audit team lags behind the industry.The fifth part is aimed at the risk management audit of AX securities company.This paper proposes several measures to strengthen the company’s risk management audit awareness;improve the company’s risk management audit system;improve the company’s risk management audit structure;improve the company’s risk management audit technology;strengthen the company Risk management auditing power.The sixth part is the conclusion.The modern socialist economic market is facing diversified competition.AX securities companies are facing more and more risk factors.They want to gain market share in this environment and maintain their advantages in the increasingly competitive market.We must work hard to improve the company’s comprehensive risk management system and provide guarantee for the company’s operation and management process.The author believes that risk management auditing is an important guarantee for all companies to carry out various business operations,and can also be used as a measuring stone to measure the company’s management level.