Research On Internal Audit Improvement Of GW Company Based On Risk Orientation

Under the economic globalization,the competition in the communication equipment manufacturing industry is becoming increasingly fierce.The well-known enterprises have a market share advantage in the domestic market.But the developing SMEs can only survive by providing differentiated product s or turning to the international market.The risks they face are increasing.As a frontier auditing model,risk-oriented auditing requires internal auditors to pay close attention to the various risks affecting the achievement of corporate objectives duri ng the auditing process.This approach not only meets the actual needs of enterprises to strengthen risk management,but also protects internal audit departments from being marginalized.However,the use of risk-oriented internal audit in China is still in the exploration stage.This paper intends to discuss risk-oriented internal audit through GW's risk-oriented internal audit application case.First of all,this paper introduces the relevant theories of risk-oriented internal auditing,highlighting the advantages that risk-oriented internal auditing pays more attention to risk factors than traditional internal auditing,which makes internal auditing work more systematic and holistic.Secondly,this paper takes the communication equipment supplier GW compan y as an example,briefly introduces the basic situation of GW and the status quo of its internal audit department,analyzes its business environment and industry characteristics,and elaborates the actual work of its internal audit.Then the paper points out four main problems of the audit department when using the risk-oriented internal audit model,including narrowly using of risk-oriented internal audit,too much reliance on subjective judgment in the process of risk identification and assessment,the un realized dynamic management of risks and the unobvious effect of using risk-oriented internal audit model.After further analysis,this paper believes that the main reason for these problems is that the weak talent base for risk-oriented auditing,the insufficient corporate risk management,the lack of cooperation with other departments in improving risk management,and the internal auditors have not yet changed their role.Finally,from four aspects,it proposes measures to optimize the risk-oriented internal audit of GW,including expanding the scope of using risk-oriented internal audit,establishing a scientific and reasonable risk assessment system,establishing a cooperative risk point dynamic management mechanism and strengthening the use of risk-oriented internal audit results.This paper aims to provide a reference for GW and other SMEs to apply risk-oriented internal audit models.