Internal Auditing Research Based On Risk Management

U.S. Enron scandal has produced a great influence in the international community.Senior managers are focused on the risk management. IIA has been committed topromoting and advancing for risk management which will have a deeply impact of theERM. We can find that world economy is developing with inconsiderable speed and thecompanies will face many kinds of unknown risk. The researchers and managers willdevote to investigate this field.Risk management is the core of management. Internal audit department can establishrelative strategy to control the company operation, and keep the cost in a low rate and alsoincrease the management efficient. The company controls the risk, so that this canguarantee reaching the goal. It increases the value of the company.This paper studies internal auditing based on risk management, and assesses the riskmanagement framework model. Investigating this model how to increase resource frominternal/external of the company such as stakeholders, risk capacity, key performanceindicators. Then the paper explores the development of audit methodology model related torisk control self-assessment audit. It highlights the relationship between risk managementaudit and auditing risk. Finally, it analysis a questionnaire report of internal auditing basedon risk management.