The Integration Study Of The Risk-Oriented Internal Auditing And Enterprise Risk Management

In recent years,as a series of major events, the frequency of financial scandals, the introduction of relevant laws and regulations. Risk management becomes the focus of global concern, many countries and relevant international organizations recognize the importance of risk management that should be strengthened. And as the management control mechanism that play an importment role in ensuring accountability to be effective performance,the internal auditing is an important part of corporate governance.With the infiltration of the risk, gradually the corn of corporate governance turn to the risk management. Accordingly,the internal auditing begin to be focus on the risk management. In order to add value for the organization,the latest definition of the internal auditing confirm the role of internal audit is to evaluate the risk management, control and governance processes. With setting up reasonablely and playing in effect, it can help companies to assess the risks, to assist the company's risk management, to provide endorsement for improving the corporate governance. with our corporate closely ties to the world and changing of the environment,uncertainties and other potential risks need the rising costs for the increasing risks, that how to understand, assess and respond to the various risks becomes the urgency issue for the Contemporary Business.Based on that, with a combination research methods of normative research and qualitative analysis,we firstly discourse the basic concepts and theories of the risk oriented internal audit: then the theory of risk management are introduced, based on the theory of the value chain, we discuss the relationship between the risk oriented internal audit and enterprise risk management. Through analyzing the need of the risk management for the internal audit,we think that as the means of enterprise risk management, internal audit play an important role in improving organizational operations, enhancing risk management and corporate governance, increasing the value of the organizations. And on the basis of the necessity and feasibility research, we launch the integration research between the risk oriented internal auditing and risk management from management level, management level, executive level and after-improving.Finally,we take the Qingdao Haier Group as a successful example which demonstrates once again the necessity of establishing the enterprise risk management approach and the importance of the internal audit in risk management, and as the reference for the after enterprises.