Application Research On Internal Audit Of Neeq Securities Companies Based On Risk-oriented Audit

The National Equities Exchange and Quotations(referred to as the new third board)has become one of the choice of many emerging industries of small and medium-sized companies to seek better development,in recent years the number of new third board listed companies showing a tendency to grow with each passing day.China's securities companies are mostly state-owned enterprises and non-listed company,the greater part of the scale of securities companies already listed,such as CITIC Securities and Guosen Securities;there are a few securities companies listed on the new third board,such as Xiangcai Securities and Lianxun Securities.Compared with other new third board enterprises,securities companies have larger scale,stronger capital strength and more employees,and the internal organizational structure and business process are more complex and tend to be reasonable.Because of the securities industry with high risk,affected by the economic situation,industry competition and other characteristics,securities industry strict norms,under the supervision and administration of state and local Securities Regulatory Commission,the effective risk management and internal audit is very necessary.Risk oriented audit is the more scientific methods of audit,risk oriented internal audit through the identification and assessment of risks,and then determine the important level of risk,risk oriented,put forward specific improvement measures for different risk,and follow-up audit,the adverse effects and effectively reduce the internal and external risks.For enterprises to achieve good management risk based on audit recommendations.Because the risk oriented audit started late in our country,the application of risk oriented audit is not popular in practice,and it is more widely used in the audit of certified public accountants.Nowadays,the number of securities companies listed on the new third board in China is not large,but it is continuing to increase.The application of risk oriented internal audit requires continuous improvement and learning,so that the internal audit is more effective.In this paper,through the research on the risk oriented audit theory and its development process,combined with a specific case of three new board securities company,analysis the superiority and necessity of application of risk oriented internal audit in the new board of the securities company,and puts forward to the other has three new board listed securities company or the improvement direction of internal audit of the intention of listing.This paper combines theoretical analysis and case analysis,first from the theory of modern risk oriented audit to proceed,through the related literature research of modern risk oriented audit,understand the research status of modern risk oriented audit;secondly,explain the three new board listed companies and the definition of internal audit theory,and analyzes the necessity the implementation of modern risk oriented audit in the new three securities company internal audit,strengthen the significance of the research on the one hand,on the other hand,for the following case studies provide relevant theoretical basis;again by taking Z company as the analysis object,combined with the industry background and the internal audit work flow,Z company's current the internal audit work flow setting and implementation status;finally summarize the advantages of the internal audit process of Z company and the deposit In the problem,and according to the present situation of Z company's internal audit,puts forward some suggestions to improve the internal audit based on risk oriented,in order to promote the application and development of modern risk oriented audit in practice,especially in the application of the audit of the new board of the securities company,reduce audit risk,improve the working efficiency of internal audit.Through the case study of Z company,pay more attention to risk management that Z company in the daily operation,the risk oriented internal audit procedures and regulations are more reasonable,but the coverage is not comprehensive,the internal audit of enterprise internal audit culture construction and personnel training,internal audit quality control means backward and lack of other issues.In view of these problems,this paper proposes to expand the scope of internal audit,strengthen the internal audit service function,establish the internal audit performance evaluation system,optimize the construction of the internal audit team and other suggestions.Z has also provided experience in risk management for other securities companies that have been listed on the new board or are likely to be listed.First of all,Z company attaches great importance to risk management,and has a comprehensive understanding of the risk of the securities industry.The compliance and risk management committee,risk control committee,risk management department,and chief risk officer are set up in the organization of the company.Secondly,Z company's internal audit system is more scientific,after the audit department audit returned to the business department to modify and supplement,and through the kernel conference,President of the chamber of the audit team leader,the kernel can through the whole process,the information communication between the feedback,and after a number of audits,to reduce the risk,the risk of to improve the management of the company's operating efficiency.