Research On Risk-Oriented Internal Audit Of State Grid NX

The electric power supply industry is China’s basic energy industry,and it is the lifeblood of the national economy.It plays a very important role in promoting China’s productivity and social progress.Nowadays,the gradual deepening of China’s power system reform has brought unlimited opportunities to the power supply industry,and it also faces certain risks.As a wholly-owned subsidiary of State Grid Corporation,NX Electric Power Company has a large asset scale and a wide range of businesses.With the development of the national economy,the company has continued to expand but at the same time its risks have become increasingly complex.Therefore,under the new era requirements,if the company plans to maintain healthy and stable development,tap more new markets,and seize more opportunities,it has to improve economic efficiency,reduce costs and energy consumption,and avoid various risks.Among them,the most important thing is the identification,prevention and control of risks.Recent years,China’s internal auditing standards have gradually introduced risk awareness,emphasizing the role of internal auditing in promoting enterprise risk control.It is pointed out that internal auditing should comprehensively consider potential risks in enterprises and arrange auditing based on these risks in order to improve the risk management level of enterprises and realize value-added services of enterprises.However,the internal auditing work of NX Electric Power Company is still limited to the traditional mode of auditing book.It lacks the function and awareness of risk prevention and control.To overcome this shortcoming and achieve the strategic goals of the company,the company should actively use the new risk-oriented internal auditing model to advance the reform of the company’s internal auditing work.Through field investigation and data analysis,this paper sorts out various risks faced by NX Power Company’s internal audit,and analyzes the necessity of the company’s application of risk-oriented internal audit.Under the help of risk-oriented internal audit,internal control,risk management and other related theories,this paper designs a comprehensive method for the company about how to apply the risk-oriented internal audit.Finally,to effectively and successfully prompt the implementation of the risk-oriented internal audit program in the company,a series of corresponding safeguard measures are proposed by considering the actual situation of the company.