Study On The Construction Of China's Corporate Risk Management Audit Framework

Risk is common in our life, as a result of each kind of indefinite factor, the enterprise is facing each kind of risk. In order to reduce the risks brought about by the loss arising from, People made their effort to avoid risk even in ancient time. The key for an enterprise to survive and achieve the goal is effective management and control to the risk. The validity of the risk-management depends on the intendance and evaluation to the work of the risk management. So, extends the scope of inter-auditing to the risk management. And IIA indicates that inter-auditor should examine and evaluate and report the propriety and validity of the risk management and give improvement advices to help the management.Risk management audit is an important component of internal audit. It focuses on the systematic and unsystematic risks, based on the management processes, embeds internal audit into risk management frameworks helping the corporations to achieve its objects.Internal audit department have played a variety of roles in their enterprise risk management activities since The Committee of Sponsoring Organizations of the Tread way Commission(COSO) released its Enterprise Risk Management-Integrated Framework in 2004. The risk management audit not only improves the domestic internal audit qualities, but also hastens the enterprise risk management.From the definition of risk management audit, production, development, and that the theoretical basis for the positive role of internal audit and risk management audit participation in risk management, combining CAO Singapore company's risk management audit failure cases, through the analysis of the reasons put forward our company risk management audit framework should be built. Implement and build our company to give advice on risk management audit framework.In the specific research methods, this paper literature reading, case studies and other research methods, describes the basic theory of risk management audit, risk management and audit framework constructed.