Up To The Internal Audit Based Enterprise Risk Management System

Market economy is a kind of risk economy. Risk already becomes the focus and keystone of enterprise management along with the development of market economy. In such circumstances, the risk concept comes into the scope of enterprise management progressively. Come to say from essence, internal control is the management and control function of risk. If there are no risks, we don't need internal control and internal audit at all. Since the existence of risk is the essential reason of control, In such a diversified and changing environment, the management of enterprises experiences substantial revolutions. As a managerial control mechanism that ensures effective accountability, internal audit has to change with it in order to become an essential part of the value chain and to provide "value-added" service processing risk appraisal becomes the basic and key of the entire internal control system. At the present time, internal audit in China. Comparing to international researches, the research on internal audit theories and practical issues in China is very weak, which also indicates an extensive space in this area. This paper researches the frontier of internal audit-risk-and enterprise risk management, which is supposed to have theoretical as well as realistic significance.