Research On Risk Management Auditing Of Oilfield A

With the continuous development of market economy, internal and external environment faced by enterprises are unpredictable, which contributes to a variety of risks and uncertainties that companies face. If the companies cannot predict and prevent risk on time, then they are likely to collapse instantly. It is thus clear that paying attention to risk and managing risk has become a necessary task for companies to deal in market economy.After the fraud of Enron and WorldCom, the United States issued and implemented the Sarbanes-Oxley Act in 2002, which requires listed companies in the United States must establish an internal control system and strengthen risk management and control. In recent years, the Ministry of Finance and the Securities Commission have introduced "Basic Norms of Company Internal Control", "Guidelines of Company Internal Control Evaluation " and other related regulations successively, which require companies to establish internal control system, especially after the CAO event, State-owned Assets Supervision and Administration Commission recalled the pain, and thus issued "Guidelines of Central Enterprises Overall Risk Management", requiring clearly that the central enterprises must establish enterprise-wide risk management system, strengthen enterprise risk management and control.With the acceleration of globalization, enterprises usher in greater development opportunities and face various types of risk increasingly. Especially since the global financial crisis in 2008, macroeconomic environment has changed dramatically at home and abroad, such as the spreading of the sovereign debt crisis, more complicated geopolitics, persistent overheating in protectionism of international trade, more intense competition in the international market, slowdown in the recovery of global economy and downside risks increase. At the same time, changes in the pattern of world energy, shale gas and other unconventional energy and non-fossil energy sources are more widely developed and applied, which have a profound impact on the strategic layout of the petroleum and petrochemical industries.China Petrochemical Corporation, as a large central enterprise, began to implement a comprehensive risk management in 2013. In August, Oilfield A also released "Interim Measures of Oilfield A’s Comprehensive Risk Management (Trial)", and set up "Comprehensive Risk Leadership Team" and "Comprehensive Risk Management Office" who lead and organize comprehensive risk management jointly. "Interim Measures of Oilfield A’s Comprehensive Risk Management (Trial)" requires the Audit Office exercise the function of independent review of comprehensive risk management evaluation. During June and July 2014, Oilfield A took part of second level risks to carry out a comprehensive risk management auditing in government offices and parts of secondary organizations. The risk management auditing is significant, which is a review and evaluation of a comprehensive risk management quality and effect of Oilfield in 2013.This paper start with the concept of risk, risk management and risk management auditing, based on the findings of risk management auditing done by scholars at home and abroad, through the interpretation of the whole process of organizing, implementing and reporting in oilfield risk management auditing, to identify seven aspects of problems existing in the process of oilfield risk management auditing, such as unabsorbed risk management experts involved in the project, risk assessment methods cannot be understood fully and the poor operability of risk analysis standards. Thus, from the internal and external analysis of the risk management organization system, risk management system, risk management professionals, schedule of risk management auditing and ideas of auditors, combining with the actual situation of production and operation of the oilfield, it put forward the general idea to further enhance and improve the risk management auditing in oilfield, that is, to establish and improve the overall risk management system, institutional system and cultural system, to foster risk management professionals, to refine the process of risk management auditing, and to standardize the procedures of risk management auditing. And ultimately, it designs the optimization program from the two levels of oilfield and office, depicts the developing direction of risk management system, institutional system and cultural system in the oilfield and the training channels of risk management professionals, design the evaluation templates of risk management auditing from the corporate level and operational level and so on, in order to provide future reference for carrying out risk management auditing better in the oilfield.