| The People's Bank of China set up an independent internal audit department in 1998, after ten years of development, the internal audit work of the People's Bank of China has made some progress, but the traditional audit model still based on compliance checks. With the increasingly responsibility, the traditional audit model can't adapt to the requirements of the internal management and risk control. Against this background, It's particularly important that the internal audit of People's Bank of China have to transform the compliance checks to the risk-based audit model.In this paper,based on previous research of risk-based audit theory, proposed that the transformation of internal audit in the risk-based audit perspective. The relevant theories about risk-based audit were analyzed to comparative the similarities and differences between audit models, highlighted the adaptability of risk-based audit in risk control work of the People's Bank of China.Then study the current situation of the internal audit mechanism and identify the problems. Analysis the necessity and feasibilityof the internal audit transformation, demonstrates the foundation and obstacles in the internal audit transformation. In the above analysis,designed a process that how risk-based audit is carry out in the internal audit work, elaborated the working content.Then,proposed some of the issues that need attention of during the process implementation to promote the risk-based audit is used in a effective way.The results showed that,the internal audit of the People's Bank of China have exist some problems,such as,single audit objectives and low-level functions; inefficiencies and not flexible; lack of effective means of risk control; lack of audit information and so on. the process implementation should enhance the risk awareness and risk-based audit concept; the compatibility of audit models; enhance the application of audit software and information platform and focus on the audit staff quality improving thing. |
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